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25 countries with highest tax rates!

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

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Image: Taxes are essential for economic and social development.

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: Mumbai, India.
Photographs: Courtesy, Wikipedia Commons

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...

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

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...

Image: Islamabad, Pakistan.
Photographs: Courtesy, Wikipedia Commons

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: New York City, United States.
Photographs: Courtesy, Wikipedia Commons

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...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

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

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

...

Image: Brussels, Belgium.
Photographs: Courtesy, Wikipedia Commons

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

...

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

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

...

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

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

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