Are You Paying Too Much Tax? Tax Rates Around the World
Belgium has the highest rate of income tax in the world with a current tax rate of forty-two percent. This rate is based on a single person on a Belgian average salary, with no dependents. Germany follows very closely behind with an income tax rate of close to forty percent. The third highest country for global income tax rates at almost thirty percent is Denmark. Do you know that there are also numerous secret tax jurisdictions exist globally? For example, an estimated twenty-one trillion to thirty-two trillion US dollars resides in secret tax havens around the world untaxed, or just light taxed. The top tax haven in the world is Switzerland. Luxembourg comes in second place, followed by Hong Kong in third place.
This infographic is created by Ayers, a contractor management company.