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The current world top countries by income tax brackets are: Ivory Coast 60% Finland 56.95% Japan 55.97% Denmark 55.9% Austria 55% Sweden 52.9% Aruba 52% Belgiu
by Silhouette 5y ago
The current world top countries by income tax brackets are:
Ivory Coast 60% Finland 56.95% Japan 55.97% Denmark 55.9% Austria 55% Sweden 52.9% Aruba 52% Belgium 50% Israel 50% Slovenia 50% Netherlands 49.5%
It doesn't help that tax systems are so complicated that it can be almost impossible to make meaningful like-for-like comparisons in discussions like this.
For example, the UK isn't listed there, yet in reality the way our system works creates brackets where some people do have an effective marginal income tax rate over 60%. Worse, the system isn't entirely progressive, because those brackets don't coincide with the final marginal rate of income tax for those with the highest incomes.
Rather like the Dutch, for those of us living in the UK and those of us operating small businesses here, who are paying the full intended tax rates, it's frustrating to see the games played by the huge multinationals and UHNW individuals that are clearly forms of tax avoidance, and to see the UK labelled as a tax haven. I doubt anyone living near me feels like they're benefitting from an unusually low-tax economy right now!
- belter 5y agoAs FYI...I normally get my stats from here: https://tradingeconomics.com/indicators https://tradingeconomics.com/indicators Disclaimer: Not associated with the site in any way.