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People in these countries pay a lot more taxes than Indians

People in these countries pay a lot more taxes than Indians

People in these countries pay a lot more taxes than Indians

BusinessToday.In
BusinessToday.In
  • Updated Jun 5, 2017, 3:57 PM IST
People in these countries pay a lot more taxes than Indians
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If you feel tax rates are very high in India, you will be surprised how much more money people in some of the European countries have to pay as tax. Rates are so high in some of these countries that sometimes half the person's salary goes in paying taxes. Here are nine countries where people pay lot more taxes than Indians:

People in these countries pay a lot more taxes than Indians
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1. Aruba

Aruba is a small island present in the coastal area of Venezuela near the South Caribbean Sea. Aruba is on the top of the list. Here the highest rate of income tax is 59%.

People in these countries pay a lot more taxes than Indians
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2. Sweden

Sweden, one of the largest countries of Europe, has made tremendous progress in the last few decades, but here too the highest rate of income tax is 59%.

People in these countries pay a lot more taxes than Indians
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3. Denmark

Denmark is the country with the highest per capita income. Here the rate of income tax is around 52 percent.

People in these countries pay a lot more taxes than Indians
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4. Netherland

The Netherlands is considered one of the world's happiest countries, but here too the tax rates are very high. The income tax rate is the same as Denmark at 52 percent.

People in these countries pay a lot more taxes than Indians
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5. Austria

Vienna, Austria's capital, is a popular place among tourists. Here the income tax rate is as high as 50 percent

People in these countries pay a lot more taxes than Indians
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6. Belgium

In this European country, the rate of income tax is 50 percent.

People in these countries pay a lot more taxes than Indians
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7. Japan

Japan  is the most developed country in Asia. Here the highest rate of income tax is 55.59 percent and minimum is 15 percent.

People in these countries pay a lot more taxes than Indians
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8. United Kingdom

The United Kingdom has the highest income tax rate of 45 percent.

People in these countries pay a lot more taxes than Indians
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9. Ireland

Ireland has an income tax rate of  41 percent.