The 25 countries with the highest tax rates in the world
|09/28/2016||Posted by BusinessMediaguide.Com under General World News||
The World Economic Forum released its Global Competitiveness Report on the state of the world’s economies this week.
The group analysed data including levels of corruption, inflation and policy stability to compile a picture of virtually every country.
One of the indicators the WEF uses is a country’s tax burden, with higher scores indicating lower competitiveness.
To measure tax it uses the World Bank’s total tax rate, which accounts for all the taxes on businesses themselves rather than the employees.
Business Insider took a look at the countries with total tax rates of more than 50%. Check them out below.
25. Spain: 50% read more >>>