
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...

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
Click NEXT to see China's tax rank...

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
Click NEXT to see Pakistan's tax rank...

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...

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
Click NEXT to see rest of the countries...

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
...

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
...

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
...

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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