The Countries With The Heaviest Tax Burdens
Tax
Danes really know about high tax levels. This is especially true when it comes to buying an automobile which involves paying a whopping 150 percent registration tax. Even though there have been proposals to reduce that to 100 percent, Denmark is still one of the most expensive countries in which to buy a vehicle. Take the cost of a basic Volkswagen Golf which has a $34,000 pricetag in Denmark, according to Bloomberg. The same car would cost $21,500 in Germany where it's made while the price in Poland would only amount to $18,900.
While the tax-to-GDP ratio comes to 45.3 percent of GDP in France, it's actually far lower in the United States. Taxes in the U.S. are relatively low in relation to other developed nations with most revenue coming from personal taxes on income and social security income tax. The U.S. does of course maintain high levels of corporation tax but some companies manage to get around it by shifting their operations overseas or reducing investment. Last year, taxes at all levels of U.S. government came to 25.3 percent of GDP.
Citation (FAQ)
McCarthy, N. (November 30, 2017). The Countries With The Heaviest Tax Burdens [Digital image]. Retrieved September 21, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/chart/12065/the-countries-with-the-heaviest-tax-burdens/
McCarthy, Niall. "The Countries With The Heaviest Tax Burdens ." Digital image. November 30, 2017. Accessed September 21, 2024. https://www-statista-com.ezproxy.canberra.edu.au/chart/12065/the-countries-with-the-heaviest-tax-burdens/
McCarthy, N. (2017). The Countries With The Heaviest Tax Burdens . Statista. Statista Inc.. Accessed: September 21, 2024. https://www-statista-com.ezproxy.canberra.edu.au/chart/12065/the-countries-with-the-heaviest-tax-burdens/
McCarthy, Niall. "The Countries With The Heaviest Tax Burdens ." Statista, Statista Inc., 30 Nov 2017, https://www-statista-com.ezproxy.canberra.edu.au/chart/12065/the-countries-with-the-heaviest-tax-burdens/
Niall McCarthy, The Countries With The Heaviest Tax Burdens (Statista Inc.) (2017), https://www-statista-com.ezproxy.canberra.edu.au/chart/12065/the-countries-with-the-heaviest-tax-burdens/ (last visited September 21, 2024)
The Countries With The Heaviest Tax Burdens [Digital image], McCarthy, N, November 30, 2017. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/chart/12065/the-countries-with-the-heaviest-tax-burdens/