Highest Income Tax.

For developing countries, the income tax is one of the indicators used in dealing with fluctuations in the level of consumption. The lower the income tax, then the aggregate private consumption growth and the ends will have an impact on economic growth. However, for some countries, particularly applying the principles of the welfare state, income tax is seen as a tool equal distribution of income in society.
Based on this insight, it is the countries with the highest income tax rate in the world in 2015.

Belgium.

Belgium occupies the first position in the world's highest in terms of the taxation of income for its citizens. Residents annual income of USD 45 037 will be taxed at a maximum of 64 percent. The government of a country that has a population of over 11 million in 2015 dressed in a social security tax by 13 percent for employees and 35 percent for the boss. In addition, the municipal tax in the country is also likely to be high in the amount of 11 percent and a capital gains tax of 33 percent. The high taxes imposed impact on the low take home pay people who only reached 45 percent of their income.

Finland.

Like the other European countries, Finland also imposed a high enough income tax to a maximum of 61.96 percent of the population who earn USD 87 222 per year. Countries that have a value of USD 42 159 per capita income in 2015 is also taxed for religious activity called church tax which is worth up to 2 percent. In 2015, the Finnish government will increase income tax rates as well as inheritance tax for residents who had inherited more than $ 1.3 million.

Sweden.

Sweden is a country in the European Union adopts a welfare state where people get education and free health care from the government. The impact of this policy is none other than the high taxes imposed on society. Maximum income tax imposed on people who earn an annual amount of USD 85 841 by 59.7 percent. However, for corporate tax, value tax charged at 22 percent of total revenue.

Aruba.

Aruba is one of the countries in the Caribbean islands. With a total area of ​​178.91 km2 and a population of 103 400 people in the year 2014, Aruba is known as a country which is the highest cost of living in the Caribbean. The high cost of living is very closely related to the high income tax must be being paid by the population, namely a maximum of 58.95 per cent for the population that has annual revenues of USD 171 149. In addition, the country also charge a tax of 28 per cent for corporate tax. Policy concerning higher taxes in Aruba is very different from the countries in the Caribbean, such as the Bahamas, Bermuda, and the Cayman Islands, which imposed a zero income tax regime.

English.

Throughout 2015, the British imposed a policy of maximum income tax amounted to 55.9 percent of the population whose income is USD 234 484 per year. This policy is a step that must be taken the British government to keep the fluctuations of the financial balance of the country as a result of pressure on the value of its currency. In addition to the high income tax, a country that has a population of more than 64 million in 2014 is too high tax rates for corporate tax reaching 40 percent of the company's revenue.

Netherlands.

The Netherlands is the country with the highest income tax rate in Western Europe with maximum tax value by 52 percent for the population who earn USD 70 090 per year and per capita income alone from this country amounted to USD 49 094 in 2015. In addition to income tax, the government also impose high taxes on the inheritance, which amounted to 40 percent, capital gains by 25 percent, and land transfer tax of 6 percent. For corporate tax, tax value at 25 percent.

Japan.

Japan is the only country in Asia that entered the ranks of countries with the highest income taxes and the seventh highest in the world. Countries that have a per capita income in 2015 amounted to USD 38 216, the maximum income taxed at 50 percent for the population which has annual revenues of USD 228 880. Whereas, for the corporate tax of the country famous for its technological advances amounted to 38.01 percent.

Austria.

Austria is one of the European countries included in the list of best places to live, but behind it, people turn out to spend a considerable cost. The first indicator is the high income tax is a maximum of 50 percent for people who earn USD 74 442 per year. In addition, the public is also charged to pay social security tax by 18 percent. For corporate tax, the country imposed a tax of 25 percent.

Denmark.

By adopts like Sweden, namely the welfare state, the income tax rate in Denmark is also quite high. For people who have an annual income of USD 70 363 is required to pay income tax at a maximum of 46.03 percent. In addition to the income tax is high enough, Denmark also impose a high tax on the dividend income and capital gains, respectively by 28 percent and 42 percent. Interestingly, for religious affairs, Denmark too taxing, but with a low level that is 0.4 to 1.5 percent. Whereas, for the corporate tax, the tax imposed value of 23.5 percent.

Ireland.

Ireland is the tenth country that imposes higher income taxes for its residents. The value of the maximum income tax in this country by 40 percent for the population who have an annual income of USD 40 696. since 2008, the country has a per capita income reached a value of USD 48 787 is only imposed a tariff of 4 percent for social security taxes. For corporate tax, Ireland set the tax value of 12.5 percent.
Thank you for reading this article. Written and posted by Bambang Sunarno. sunarnobambang86@gmail.com
author:
https://plus.google.com/105319704331231770941.
name: Bambang Sunarno.
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DatePublished: May 19, 2015 at 16:45

Tag : Highest Income Tax.