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CEOWORLD magazine - Latest - Education and Career - Top 25 countries with the highest individual income tax rates in the world, 2015

Education and Career

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

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.


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CEOWORLD magazine - Latest - Education and Career - Top 25 countries with the highest individual income tax rates in the world, 2015
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.