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Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]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.
Contents. List of sovereign states by tax revenue to GDP ratio. This article lists countries alphabetically, with total tax revenue as a percentage of gross domestic product (GDP) for the listed countries. The tax percentage for each country listed in the source has been added to the chart. According to World Bank, "GDP at purchaser's prices is ...
It is focused on three types of taxes: corporate, individual, and value added taxes (VAT). It is not intended to represent the true tax burden to either the corporation or the individual in the listed country.
The 2019 Dutch corporate tax rate was 19% of the taxable income up to and including (euro) € 200,000, above which the rate was 25%. The lower rate decreased to 16.5% in 2020. In 2021 the rate for the first bracket further decreased to 15% with taxable income up to € 245,000. [12] The top Dutch corporate tax rate instead remained stable at 25%.
Taxation. International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to ...
Efforts to control the increase in the tax burden have been made by the states of the OECD: the tax rate decelerated during the 90s and has decreased slightly since 2000. This is why France continues to be among the OECD countries whose tax rate is the highest. Taxes account for 46,1% of GDP against 34% on average in OECD countries.
Thus, the production in a high tax jurisdiction might increase the total tax burden of the group compared to the production in a low-tax jurisdiction. The tax bill hence increases in a country where labour costs rise. Thereby, labour is burdened with corporate tax, potentially forcing wages and salaries down, especially in high-tax jurisdictions.
Fiscal freedom: How free is a country from tax burden. It comprises three quantitative measures: top marginal tax rate of both individual (1) and corporate (2) income, and total tax burden as a percentage of GDP (3). Government size and spending: Governments' expenditures as a percentage of GDP, including consumption and transfers. The higher ...