10 Countries With The Highest Tax Rates In The World

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10. Austria

Combined personal, corporate, VAT, GST and sales tax average: 36.66%

Alpine country with rich history also has strong and rich economy despite only having around 8.5 million inhabitants. In terms of GDP per capita, Austrian economy is on the verge of entering the list of top ten countries. Personal income tax is always 50 percent, regardless of high a salary, while corporate taxes vary between 25 and 55 percents. When 20 percent VAT enters the fray, Austrian combined tax average amounts to 36.66 percents.

, sunlight, tower, roofs, history, old, skylight, architecture, sky, cityscape

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