Top 25 countries with the highest individual income tax rates in the world, 2015

Skatteverket, the Swedish Tax Agency

Somewhat unsurprisingly, Sweden tops the list of the countries with the highest individual income tax rates, a recent data by PWC. At 57 percent, the individual income tax rate in Sweden is the highest in the world, followed by neighboring Denmark (55.41 percent), Finland (55.41 percent) and the Netherlands (52 percent).

Around 9.8 million people live in Sweden. Taxes these people pay help in funding a top-notch education system, a universal healthcare system and generous unemployment benefits. Also Swedes don’t seem to mind he high tax rate.

As one would expect, Sweden, along with equally high-taxing Denmark, tops almost every international barometer of successful societies. If you think your individual income tax rate is high in the United States then you haven’t seen anything yet!

Here is the list of top 25 highest individual income tax paying countries in 2015:

1. Sweden, 57%
2. Denmark, 55.41%
3. Finland, 55.41%
4. Netherlands, 52%
5. Zimbabwe, 51.5%
6. Japan, 50.84%
7. Austria, 50%
8. Belgium, 50%
9. Israel, 50%
10. Slovenia, 50%
11. Curacao, 48.25%
12. Ireland, 48%
13. Portugal, 48%
14. Norway, 47.2%
15. Spain, 47%
16. Iceland, 46.24%
17. Australia, 45%
18. China, 45%
19. Germany, 45%
20. Taiwan, 45%
21. United Kingdom, 45%
22. Luxembourg, 43.6%
23. Italy, 43%
24. Greece, 42%
25. Papua New Guinea, 42%

25 countries with the highest individual income tax rates in the world, 2015
Cover Photo: Skatteverket, the Swedish Tax Agency.

Dr. Amarendra Bhushan Dhiraj

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CEO and editorial director at CEOWORLD Magazine
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director of CEOWORLD magazine, the leading global business magazine written strictly for CEOs and forward-thinking high-level executives. He is an extensively kudized author, journalist, and internationally syndicated columnist.
Dr. Amarendra Bhushan Dhiraj

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