13 Countries with Highest Tax Rates in the World
6. Spain
Income Tax In The Highest Slab: 52 Percent
Overall Rank: 5
According to the reports from 2011, Spain had income tax rates of 43 percent. In the same year, the employee security rates were increased to 6.35 per cent, but annual contribution caps out at about 2,436 Euros.
In 2013, there were many changes that were introduced on income tax rates.
Previously there were some deductions on the cost of principal residence that were announced for all taxpayers with income more than 24.000€. But now the government declared that there will be no changes or cancellation in it.
7. Finland
Income Tax In The Highest Slab: 51.13 Percent
Overall Rank: 6
In Finland, the income per head is equal to other western European countries like France, United Kingdom, and Germany
A person who is a working official must pay additional rates on social security tax like unemployment and pension premiums.
Finland has made special provision for doe people who stay in the church with the least tax rates of just 1 to 2 percent.
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