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xchrom

(108,903 posts)
Thu Jan 3, 2013, 10:01 AM Jan 2013

Which countries tax the most?

http://www.washingtonpost.com/blogs/worldviews/wp/2013/01/02/countries-tax-mos/

The just-passed “fiscal cliff” deal offers a mixed bag for American business owners, as The Washington Post reports. A package of temporary business tax breaks were extended for another year, but business owners who have pass-through income above $400,000 will see a tax rate increase.

As Americans attempt to decipher how the deal would affect their taxes, they can take heart in knowing that top tax rate for corporations in Uzbekistan — to name just one example — is near 98.5 percent.

A new report from the World Bank and PricewaterhouseCoopers offers a revealing look at trends in tax rates around the world.
The report, which covers 185 economies, shows regional changes in tax rates and regulations between 2004 and 2011.



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