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.

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. 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 daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received 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. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.