In countries of the world tax rates practically do not change or change only slightly. According to KPMG, the average income, corporate and indirect tax rates over the past 7 years (from 2006 to 2013) have changed slightly.
If we summarize all types of taxation, the Gambia is the leading country in the world in this indicator. According to data provided by the World Bank and the PricewaterhouseCoopers audit network, opening a company in The Gambia, 283.5% of profits will have to be paid as taxes in the second year of its existence.
The second country in terms of average taxation is Comoros. There, this figure is 217.9%. Also, an indicator above 100% was found in the Democratic Republic of the Congo (118.1%) and Argentina (107.8%). Of the European countries, Italy ranks first with an average tax rate of 65.8%.
Highest corporate tax rate
The highest corporate income tax rates, according to KPMG, are recorded in the UAE, where the rate is 55%. Significantly lower, but also high rates in the United States (40%) and Japan (38.01%). From European countries, this ranking is headed by Belgium with a rate of 33.99% and France (33.33%).
Highest indirect tax rate
Indirect taxes include taxes that are regulated at the federal level and presented in the form of excise taxes, fees, duties. This is value added tax, customs duty, sales tax, etc. According to a rating compiled by KPMG, the highest indirect tax rates were found in Hungary (27%), Iceland (25.5%), Denmark, Norway, Croatia and Sweden (25% everywhere).
Highest income tax rate
According to KPMG, the highest income tax rate in the world is recorded in the jurisdiction of Aruba, which is a federated entity of the Kingdom of the Netherlands. There, the income tax rate is 58.95%. In Sweden, this figure is 56.6%, in Denmark - 55.56%. Income tax rates are also high in the Netherlands, Spain (52% in both countries), Finland (51.13%), Japan (50.84%). In other countries, this figure is below 50%.
