27 countries with the highest taxes

Every year, the World Economic Forum publishes its report on the global competitiveness of the world economy. The WEF surveys a wide range of data, from the number of math teachers in schools to the level of inflation in each country. This data is used to create a complete picture for each country. One of the indicators used by the WEF is the level of taxes, which indicates low competitiveness. To measure the tax, the World Bank's total tax rate is used.

In principle, all these taxes are levied on businesses, but they differ from those that are taken from people working for them. We will consider countries with a total tax rate of more than 50%.

Japan - 51.3%

Japan has one of the largest economies, despite the fact that the tax rate is more than 50%. This country is the fifth largest tax in Asia.

Mexico - 51.8%

It is included in a small number of countries in Latin America, where the tax rate exceeds 50%. The tax rate for corporations is at the level of 30%.

Côte d'Ivoire - 51.9%

The Ivory Coast requires 25% of the main tax on corporate profits and about 30% of telecommunications, IT and communications.

Austria - 52%

One of six countries in Europe with a tax rate of more than 50%. The Austrian tax system has some oddities. For example, couples are taxed separately, even after marriage.

Ukraine - 52.9%

Entrepreneurs in Ukraine have to fight not only with serious geopolitical problems, but also with almost the highest taxes in Europe. Only four European countries have a higher tax rate.

Sri Lanka - 55.6%

The basic tax rate for Sri Lanka for corporations is 28%, but it grows to 40% for any enterprise that decides to engage in alcohol or tobacco products. The overall tax rate is much higher due to many additions.

Belgium - 57.8%

This country of the European Union has the fourth-largest tax rates in the Eurozone and the highest among the countries that do not enter into the Big Five.

Costa Rica - 58%

In Central America, a few countries, the tax rate in which significantly exceeds the rate of 50%. But Costa Rica was one of them. Part of this is due to the high level of tax activity in recent years, which forced politicians to pass a law on raising general taxes.

Spain - 58.2%

Only two European countries of the Big Five were able to overtake Spain in terms of tax rates for enterprises.

India - 61.7%

The policy of the Ministry of Finance of India is now aimed at reducing the corporate tax rate by more than five percentage points in four years.

Tunisia - 62.4%

Although there are many other countries to the south that have higher prices, the overall tax rate in Tunisia is an honorable second largest in North Africa.

Benin - 63.3%

The World Bank says that the corporate income tax in the country is only 15.9%. But many other taxes significantly raise the level of deductions that the firm must make.

Gambia - 63.3%

Without basic natural resources, this country is among the poorest in the world. Taxes on turnover, rather than on profits, significantly increase the rates for business.

Chad - 63.5%

Chad relies heavily on agriculture and is considered one of the poorest countries. Taxes here are equal to 1.5% of turnover or 40% of profit, whichever is higher.

China - 64.6%

As in many other countries on our list, China levies taxes not on enterprise profits, but on their turnover.

Italy - 65.4%

It is known for its high tax rates, although it is still not the first in Europe for this indicator.

Venezuela - 65.5%

The government of this country led by Hugo Chavez implemented a new tax model and sharply increased the rate for foreign companies.

Nicaragua - 65.8%

In 2012, the IMF proposed that the country simplify its corporate tax system.

France - 66.6%

She heads the corresponding list of countries in Europe, although the current government has promised to regulate the system and cut corporate taxes.

Guinea - 68.3%

The majority of corporate taxes in Guinea are paid for by tax at a fixed rate for the previous year's turnover.

Brazil - 69%

The economy of this country is considered the largest in Latin America. Brazil last year liquidated a tax of 20% on business payrolls as part of the reform of the tax system.

Mauritania - 71.3%

In 2013, this country, which depends on agriculture, approved a withholding tax of 15% to stop payments in favor of non-residents.

Algeria - 72.7%

This country has the highest overall tax certificate in Africa.

Colombia 75.4%

A new tax on wealth was adopted in the country. Although it ranks fourth in the world in terms of taxes, in Latin America, Colombia is only at the third step.

Tajikistan - 80.9%

This country in Central Asia has a 2% statutory tax rate for the entire turnover, which accounts for a significant portion of the company's average profit.

Bolivia - 83.7%

Bolivia's 3% tax on operations destroys 60% of the company's profits even before other taxes are taken into account. But she still loses another Latin American country.

Argentina - 137.3%

It's amazing, but the total tax rate in Argentina exceeds 100% of corporate income. Only the turnover tax eats 90% of the profit, and this is even before taxes on labor and financial transactions are taken into account!