10 Countries With The Highest Tax Rates In The World

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2. Denmark

Combined personal, corporate, VAT, GST and sales tax average: 40.8%

Denmark might have only slightly more than 5.5 million inhabitants, but this Scandinavian country is among those with highest per capita income in the world. Danish personal income taxes are highest on the list, between 55.4 and 65.9 percents. Corporate taxes are high too, ranging between 23.5 and 50 percent, and VAT is highest on the list as well alongside that of the number one country from the list which comes up shortly. With VAT being 25%, total average amounts to 40.8 percents.

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