Countries with the Highest Taxes Globally

Tax rates around the world vary significantly, reflecting different economic policies and public service needs. Some countries implement exceptionally high tax rates to support robust public services.

Ivory Coast

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Finland

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Japan

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Denmark

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Austria

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Sweden

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Tax rates around the world vary significantly, reflecting different economic policies and public service needs. Some countries implement exceptionally high tax rates to support robust public services.

Ivory Coast

This West African country has the highest income tax rate in the world. People living there are giving 60% of their income to the government.

Finland

It has the highest tax in Europe .It's top income rate is of 44%. It also adds additional taxes, like municipal (10.8%) and a church tax of up to 2.25%.

Japan

Japan is the only Asian country amongst high-tax countries with a top marginal tax rate of 45%.

Denmark

The Danish government imposed a total personal income tax rate of up to 53% in total taxes for the top earners.

Austria

The top marginal tax rates stand at 55% for anyone earning over €1 million. It also has a social security rate of 18%.

Sweden

Sweden has one of the world’s highest rates of personal income tax, with as much as 52.3% deducted from annual income.