13 Countries with Highest Tax Rates in the World
10. Israel
Income Tax In The Highest Slab: 50 Percent
Overall Rank: 9
In Israel, the major taxes are income tax, capital gains tax, VAT and land appreciation tax.
The country occupies the 9th place under the highest income tax slab. It has an income tax rate of 50 percent.
Employers who have employed a large number of employees have to report every month to the income tax department.
11. Belgium
Income Tax In The Highest Slab: 50 Percent
Overall Rank: 10
The highest marginal tax rate in Belgium starts from $46,900. Apart from this there are tax that are levied on social security and municipal tax of 11 percent.
Even non- residents in this country has to pay income tax of 7 percent. For expatriates who are starting business in Belgium will be charged with 25 percent of tax. However, , then the top marginal tax rate can be reduced to 40 percent.
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