13 Countries with Highest Tax Rates in the World
Bangalore: While many Indians feel that a good portion of their money goes into paying taxes. The fact is that, India has the least income tax rates compared to other countries.
On one hand where Scandinavian nations are considered to have highest income tax rates, on the other hand countries like Saudi Arabia, the United Arab Emirates and Kuwait do not levy even a small amount of tax on their citizens.
Let’s take a look at those countries that have highest income tax rates, listed by Rediff.
1. India
Income Tax in the Highest Slab: 30 Percent
There are many Indian employees who are paying their income tax returns with a heavy heart. They will be happy to know that there are many countries in the world that levy more than 50 percent of income tax on their citizens.
However, in India, the government gets its highest revenue from tax.
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