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25 countries with highest tax rates!

Last updated on: November 30, 2011 08:17 IST

25 countries with highest tax rates!

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Over the last three years the world has experienced an extraordinary financial and economic upheaval.

The financial turmoil continues to reshape the economic landscape and to present difficult choices for governments in terms of public spending and fiscal policy.

Governments in economies of all sizes and at all stages of development are struggling with the tax policy choices available to them.

While taxes are essential for economic and social development, it is important that the taxes levied do not hinder the ability of companies to generate a sufficient and consistent return so that they can reinvest and grow their business.

Let us take a look at 25 countries, including India, and see how they rank when it comes to rate of tax, according to PricewaterhouseCoopers.

NOTE: The total tax rate measures the burden of all the taxes that a company must pay in relation to its commercial profit. Thus all kinds of taxes that impose a cost on the firm are considered.

The overall ranking is a simple average of the percentile rankings of each of the sub-indicators.

Click NEXT to see where India stands in terms of tax rates...


Image: Taxes are essential for economic and social development.

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India

Total tax rate: 61.8 per cent

Profit tax: 24.6 per cent

Labour tax: 18.2 per cent

Other taxes: 19.0 per cent

Total tax rate rank: 156

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Image: Mumbai, India.
Photographs: Courtesy, Wikipedia Commons
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China

Total tax rate: 63.5 per cent

Profit tax: 6.0 per cent

Labour tax: 49.6 per cent

Other taxes: 7.9 per cent

Total tax rate rank: 161

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Image: Shanghai, China.
Photographs: Courtesy, Wikipedia Commons
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Pakistan

Total tax rate: 35.3 per cent

Profit tax: 17.9 per cent

Labour tax: 15.1 per cent

Other taxes: 2.3 per cent

Total tax rate rank: 72

Click NEXT to see tax rank of the United States...


Image: Islamabad, Pakistan.
Photographs: Courtesy, Wikipedia Commons
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The United States

Total tax rate: 46.7 per cent

Profit tax: 27.6 per cent

Labour tax: 10.0 per cent

Other taxes: 9.1 per cent

Total tax rate rank: 131

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Image: New York City, United States.
Photographs: Courtesy, Wikipedia Commons
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Democratic Republic of Congo

Total tax rate: 339.7 per cent

Profit tax: 58.9 per cent

Labour tax: 7.9 per cent

Other taxes: 272.9 per cent

Total tax rate rank: 183

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Image: Kinshasa, Democratic Republic of Congo.
Photographs: Courtesy, Wikipedia Commons
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Gambia

Total tax rate: 283.5 per cent

Profit tax: 6.1 per cent

Labour tax: 12.8 per cent

Other taxes:  264.6 per cent

Total tax rate rank: 182

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Image: Banjul, Gambia.
Photographs: Courtesy, Wikipedia Commons
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Argentina

Total tax rate: 108.2 per cent

Profit tax: 2.8 per cent

Labour tax: 29.4 per cent

Other taxes: 76.0 per cent

Total tax rate rank: 180

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Image: Buenos Aires, Argentina.
Photographs: Courtesy, Wikipedia Commons
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Sri Lanka

Total tax rate: 105.2 per cent

Profit tax: 26.7 per cent

Labour tax: 16.9 per cent

Other taxes: 61.6 per cent

Total tax rate rank: 179

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Image: Colombo, Sri Lanka.
Photographs: Courtesy, Wikipedia Commons
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Uzbekistan

Total tax rate: 97.5 per cent

Profit tax: 1.1 per cent

Labour tax: 28.2 per cent

Other taxes: 68.2 per cent

Total tax rate rank: 178

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Image: Tashkent, Uzbekistan.
Photographs: Courtesy, Wikipedia Commons
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Eritrea

Total tax rate: 84.5 per cent

Profit tax: 8.8 per cent

Labour tax: 0.0 per cent

Other taxes: 75.7 per cent

Total tax rate rank: 177

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Image: Asmara, Eritrea.
Photographs: Courtesy, Wikipedia Commons
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Tajikistan

Total tax rate: 84.5 per cent

Profit tax: 0.0 per cent

Labour tax: 0.0 per cent

Other taxes: 56.0 per cent

Total tax rate rank: 176

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Image: Dushanbe, Tajikistan.
Photographs: Courtesy, Wikipedia Commons
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Colombia

Total tax rate: 74.8 per cent

Profit tax: 18.9 per cent

Labour tax: 28.8 per cent

Other taxes: 27.1 per cent

Total tax rate rank: 174

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Image: Bogota, Colombia.
Photographs: Courtesy, Wikipedia Commons
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Kyrgyztan

Total tax rate: 69.0 per cent

Profit tax: 6.2 per cent

Labour tax: 19.5 per cent

Other taxes: 43.3 per cent

Total tax rate rank: 171

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Image: Bishkek, Kyrgyztan.
Photographs: Courtesy, Wikipedia Commons
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Mauritania

Total tax rate: 68.3 per cent

Profit tax: 0.0 per cent

Labour tax: 17.6 per cent

Other taxes: 50.7 per cent

Total tax rate rank: 169

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Image: Nouakchott, Mauritania.
Photographs: Courtesy, Wikipedia Commons
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Brazil

Total tax rate: 67.1 per cent

Profit tax: 22.4 per cent

Labour tax: 40.9 per cent

Other taxes: 3.8 per cent

Total tax rate rank: 168

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Image: Bras lia, Brazil.
Photographs: Courtesy, Wikipedia Commons
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Nicaragua

Total tax rate: 66.8 per cent

Profit tax: 24.5 per cent

Labour tax: 20.3 per cent

Other taxes: 22.0 per cent

Total tax rate rank: 167

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Image: Managua, Nicaragua.
Photographs: Courtesy, Wikipedia Commons
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Chad

Total tax rate: 65.4 per cent

Profit tax: 31.3 per cent

Labour tax: 28.4 per cent

Other taxes: 5.7 per cent

Total tax rate rank: 163

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Image: NDjamena, Chad.
Photographs: Courtesy, Wikipedia Commons
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Marshall Islands

Total tax rate: 64.9 per cent

Profit tax: 0.0 per cent

Labour tax: 11.8 per cent

Other taxes: 53.1 per cent

Total tax rate rank: 162

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Image: Majuro, Marshall Islands.
Photographs: Courtesy, Wikipedia Commons
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Puerto Rico

Total tax rate: 63.1 per cent

Profit tax: 28.3 per cent

Labour tax: 14.4 per cent

Other taxes: 20.4 per cent

Total tax rate rank: 160

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Image: San Juan, Puerto Rico.
Photographs: Courtesy, Wikipedia Commons
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Tunisia

Total tax rate: 62.9 per cent

Profit tax: 28.3 per cent

Labour tax: 14.4 per cent

Other taxes: 20.4 per cent

Total tax rate rank: 160

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Image: Tunis, Tunisia.
Photographs: Courtesy, Wikipedia Commons
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Micronesia

Total tax rate: 58.7 per cent

Profit tax: 0.0 per cent

Labour tax: 6.8 per cent

Other taxes: 51.9 per cent

Total tax rate rank: 158

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Image: Palikir, Micronesia.
Photographs: Courtesy, Wikipedia Commons
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Estonia

Total tax rate: 58.6 per cent

Profit tax: 8.0 per cent

Labour tax: 39.4 per cent

Other taxes: 11.2 per cent

Total tax rate rank: 157

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Image: Tallinn, Estonia.
Photographs: Courtesy, Wikipedia Commons
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Belgium

Total tax rate: 57.3 per cent

Profit tax: 5.2 per cent

Labour tax: 50.4 per cent

Other taxes: 1.7 per cent

Total tax rate rank: 156

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Image: Brussels, Belgium.
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Ukraine

Total tax rate: 57.1 per cent

Profit tax: 12.2 per cent

Labour tax: 43.3 per cent

Other taxes: 1.6 per cent

Total tax rate rank: 155

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Image: Kiev, Ukraine.
Photographs: Courtesy, Wikipedia Commons
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Costa Rica

Total tax rate: 55.0 per cent

Profit tax: 18.9 per cent

Labour tax: 29.5 per cent

Other taxes: 6.6 per cent

Total tax rate rank: 154


Image: San Jose, Costa Rica.
Photographs: Courtesy, Wikipedia Commons
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