10 countries with highest tax ratio
 |
Let us have a look at top 10 countries with highest tax-GDP ratio.
The rankings are NOT based on just income tax or corporate tax, but on overall share of taxes in the country's GDP.
The Organization for Economic Cooperation and Development looks at internationally comparative data based on public revenue from tax contributions as a percentage of gross domestic product for each country, then ranks them based on the highest and lowest overall tax rates.
Click NEXT to see where India stands...
Image: Taxes vary across the world.
10 countries with highest tax ratio
|
|
|
India
Tax rate as percentage of GDP: 10
GDP: $1.53 trillion
Total population: 1.2 billion
Life expectancy: 66.8
Unemployment: 9.4 per cent
Click NEXT to see the top 10 countries...
Image: India has a tax-GDP ratio of little above 10 per cent.
10 countries with highest tax ratio
|
|
|
1. Denmark
Tax rate as percentage of GDP: 48.2
GDP: $309.60 billion
Total population: 5.5 million
Life expectancy: 79
Unemployment: 3.3 per cent
Click NEXT to read more...
Image: Denmark has the highest tax-GDP ratio.
10 countries with highest tax ratio
|
|
|
2. Sweden
Tax rate as percentage of GDP: 46.4
GDP: $406.07 billion
Total population: 9.3 million
Life expectancy: 81
Unemployment: 6.2 per cent
Click NEXT to read more...
Image: Sweden has a population of 9.3 million.
10 countries with highest tax ratio
|
|
|
3. Italy
Tax rate as percentage of GDP: 43.5
GDP: $2.30 trillion
Total population: 60.2 million
Life expectancy: 82
Unemployment: 6.7 per cent
Click NEXT to read more...
Image: Tax rate as percentage of GDP in Italy is 43.5.
10 countries with highest tax ratio
|
|
|
4. Belgium
Taxes as percentage of GDP: 43.2
GDP: $471.16 billion
Total population: 10.8 million
Life expectancy: 80
Unemployment: 7.0 per cent
Click NEXT to read more...
Image: Life expectancy in Belgium is 80.
10 countries with highest tax ratio
|
|
|
5. Finland
Tax rate as percentage of GDP: 43.1
GDP: $237.99 billion
Total population: 5.3 million
Life expectancy: 80
Unemployment: 6.4 per cent
Click NEXT to read more...
Image: Unemployment in Finland is 6.4 per cent.
10 countries with highest tax ratio
|
|
|
6. Austria
Tax rate as percentage of GDP: 42.8
GDP: $381.08 billion
Total population: 8.4 million
Life expectancy: 80
Unemployment: 3.8 per cent
Click NEXT to read more...
Image: Tax rate as percentage of GDP in Austria is 42.8.
10 countries with highest tax ratio
|
|
|
7. France
Tax rate as percentage of GDP: 41.9
GDP: $2.85 trillion
Total population: 62.6 million
Life expectancy: 82
Unemployment: 7.4 per cent
Click NEXT to read more...
Image: Total population of France is 62.6 million.
10 countries with highest tax ratio
|
|
|
8. Norway
Tax rate as percentage of GDP: 41.0
GDP: $381.77 billion
Total population: 4.8 million
Life expectancy: 81
Unemployment: 2.6 per cent
Click NEXT to read more...
Image: Tax rate as percentage of GDP in Norway is 41.0.
10 countries with highest tax ratio
|
|
|
9. Hungary
Tax rate as percentage of GDP: 39.1
GDP: $128.96 billion
Total population: 10.0 million
Life expectancy: 74
Unemployment: 7.8 per cent
Click NEXT to read more...
Image: Life expectancy in Hungary is 74.
READ
RECENT
EMAILED
COMMENTED
India Business News | Indian Stock Market News | Bollywood Movies | Indian Cricket News | India News | India Abroad Person of the Year 2011
© 2012 Rediff.com - Investors - Advertise - Disclaimer - Privacy - Careers - Feedback | India Abroad weekly
this
Users
Comment
article