The tax-GDP ratio is a whopping 50%, which means for each krone of income earned, the government swipes half a krone as tax. In the Sweden, government robs you of 49.7%.
In most of Scandinavia and Western Europe, taxation levels are spine-chilling, with collections regularly in the range of 40-50% of GDP. Still gangsters are kinder to the rich.
India and China are less into extortion, with tax-GDP ratios in the series of 17-18%. Yet Uncle Sam is more demanding at 28.2%. In difference, the lowest taxation levels are in the Gulf, with the United Arab Emirates at a meagre 1.4%. Saudi Arabia nicks you in favor of 5.3%. At these levels, citizens are basically participating in charity. You don’t need a taxman to gather 1-5% of your income. Most people would be ready to put these piffling amounts in a publicly-placed collection box.
The tax departure is as wide between countries as within. In India, the salaried upper classes pay the uppermost rates; companies pay very little. A study by the finance ministry in 2007-08 showed that companies paid an efficient corporate tax of 22.24% when the definite rate is 33.99%. The better company, the lower the effective tax rate.
In most of Scandinavia and Western Europe, taxation levels are spine-chilling, with collections regularly in the range of 40-50% of GDP. Still gangsters are kinder to the rich.
India and China are less into extortion, with tax-GDP ratios in the series of 17-18%. Yet Uncle Sam is more demanding at 28.2%. In difference, the lowest taxation levels are in the Gulf, with the United Arab Emirates at a meagre 1.4%. Saudi Arabia nicks you in favor of 5.3%. At these levels, citizens are basically participating in charity. You don’t need a taxman to gather 1-5% of your income. Most people would be ready to put these piffling amounts in a publicly-placed collection box.
The tax departure is as wide between countries as within. In India, the salaried upper classes pay the uppermost rates; companies pay very little. A study by the finance ministry in 2007-08 showed that companies paid an efficient corporate tax of 22.24% when the definite rate is 33.99%. The better company, the lower the effective tax rate.
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