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25 countries with highest tax rates!
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...
25 countries with highest 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
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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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
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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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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25 countries with highest tax rates!
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