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Thursday, April 15, 2021

Executive Education

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.

Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is CEOWORLD magazine's Chief Executive and Editorial Director. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day. CEOWORLD magazine is known internationally for its editorial excellence, independent, quality research, in-depth analysis, and collaborations with people and partners from around the globe. He currently sits on the company’s board of directors and global management committee.

Prof. Dr. Amarendra Bhushan Dhiraj holds a Ph.D. in Banking and Finance from European Global School in France; a Doctoral Degree in Chartered Accountancy from European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He received his Master of Business Administration degree in Finance and Banking and his Master's Degree In Chartered Accountancy from European Global School Paris. He also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. He is committed to lifelong learning. Dr. Amarendra is a Visiting Professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

You can follow Prof. Dr. Amarendra Bhushan Dhiraj on Twitter, Facebook, and LinkedIn.
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