A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit. The list focuses on the main indicative types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST.
Some other taxes (for instance property tax, substantial in many countries, such as the United States) and payroll tax are not shown here. The table is not exhaustive in representing the true tax burden to either the corporation or the individual in the listed country. The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually much lower than the marginal rate, but sometimes much higher. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective nation are in italics.
Tax rates by countries
15 Countries With Lowest Total Tax Rates - 15 Countries With Lowest Total Tax Rates: 15. Canada (Total Tax Rate - 21%) This is one of the few large, advanced economies that makes it into the upper ranks. The Canadian province Manitoba...
Notes
See also
- Tax rates in Europe
- List of countries by tax revenue as percentage of GDP
- Tax Freedom Day
- Tax haven
- Tax rates of Europe
- VAT rates around the world
- Welfare state
References
External links
- State Business Tax Climate Index Rankings, 2003â€"2008 in the U.S., Tax Foundation
- OECD Comparison of Wage Taxes (top combined marginal individual tax rates), Tax Foundation
- European VAT Rates
- IBFD, Your Portal to Cross-Border Tax Expertise
- Paying Taxes â€" World Bank
