Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

10 Countries With The Highest Tax Rates In The World

Page 1 of 11

They say only death and taxes are certain: the folks living in 10 countries with the highest tax rates in the world know all about that.  Taxes are the backbone of every country’s social policy, but they can be even more, especially in undeveloped countries with otherwise weak economies. This is where taxes amount to a large percentage of country’s total available funds. Some countries have higher tax rates than others, thus procuring more funds for various government services and projects, but higher taxes don’t necessarily have to yield better results. Lower taxes can and usually do attract various potent economic partners which find it more economical to pay their taxes there than in their native countries. Here’s a list of 10 countries with the lowest tax rates for the rich which should clarify which of world’s countries are most profitable for establishing businesses – tax-wise.

tax, rate, green, business, yellow, presentation, orange, dollar, illustration, currency, background, financial, money


Taxes come from several sources, and we’ll use both personal and corporate tax rates, together with VAT, GST and sales tax rates in order to present you the countries which will take the largest chunk of your income. We’ll find an average percentage for highest and lowest personal and corporate tax rates, and then pull out the average with VAT, GST and sales tax rates for the final figure.

But first, let’s explain what each one of these taxes means. Personal taxes are government taxes aimed at individuals. If you have a job with a steady income, you’ll pay a certain tax (a portion of that income) which will be calculated based on your personal gain. The more you earn – the bigger the tax, usually. Corporate or company taxes follow a similar pattern but are imposed on companies. They also have their minimal and maximum values. Finally, VAT, GST and sales tax rates represent taxes on goods and services. VAT (value-added tax) or GST (general sales tax) are taxes that end-users (buyers) pay for purchased services, products and materials. This is a tax which only affects the buyer and is generally a fixed percentage which might differ depending on the type of product. For the purpose of this article, we only used standard rates and disregarded all special ones. Sales tax, unlike VAT or GST, doesn’t apply to all goods and largely varies depending on their type. Furthermore, sales tax is imposed on retail sales at the moment of purchase, thus also only affecting the final consumers. VAT or GST also affects the end-users, as we have seen, but unlike sales tax, it is imposed on each and every stage of the supply chain, thus adding value along the way to the retailers. We have found the info on Trading Economics and EY and then compiled the list of 10 countries with the highest tax rates in the world in an above-described manner.

Page 1 of 11

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!