21.6 C
São Paulo
Wednesday, July 17, 2024
HomeCountriesCountries that pay the most taxes in the world vs. Countries that...

Countries that pay the most taxes in the world vs. Countries that pay the least (and where there is a return for the population)

Follow us on Google News

Today we’re going to talk about a topic that has a direct impact on quality of life: taxes. Yes, they can be a burden on the pocket, but in some countries, these taxes are put to good use in public services that make all the difference in everyday life. Let’s take a look at the list of countries that pay the most taxes and those that pay the least, as well as how some places turn taxes into real benefits for the population:

Countries that Pay the Most Taxes

Sweden

These are the countries that stand out for having the highest tax burdens in the world:

  1. Zimbabwe: With a tax burden of 49.3% of GDP, Zimbabwe is one of the countries that collects the most taxes from its population. Despite the high tax burden, the country faces significant economic challenges, with high levels of poverty and inequality.
  2. Belgium: With a tax burden of 46.8% of GDP, Belgium is another country with one of the highest tax burdens in Europe. This allows the country to maintain a strong welfare balance.
  3. Sweden: With a tax burden of 44.08% of GDP, Sweden is also one of the countries with one of the highest tax burdens. Like Denmark, this is reflected in high social welfare.
  4. Denmark: With a tax burden of 44.06% of GDP, Denmark is another country with one of the highest tax burdens in the world. However, this translates into excellent public services such as health, education and infrastructure.
  5. France: With a tax burden of 43.15% of GDP, France is known for having one of the highest tax burdens in the world. This is reflected in a strong social welfare system, with universal access to health and education.
  6. Greece: With a tax burden of 42.9% of GDP, Greece is another country with one of the highest tax burdens in Europe. This doesn’t always translate into efficient public services, due to economic and corruption problems.
  7. Italy: With a tax burden of 42.6% of GDP, Italy is a country with one of the highest tax burdens in Europe. However, this does not always translate into efficient public services.
  8. Finland: With a tax burden of 42.10% of GDP, Finland is another country with one of the highest tax burdens in the world. This allows the country to offer high-quality public services.
  9. Hungary: With a tax burden of 40.4% of GDP, Hungary is a country with one of the highest tax burdens in Europe. This is reflected in quality public services, although the country still faces economic challenges.
  10. Australia: With a tax burden of 25.90% of GDP, Australia is a country with one of the highest tax burdens in the world. However, this is reflected in good quality public services.

These countries attract many foreign investors and entrepreneurs with their favorable tax policies, such as exemptions and low tax rates. However, it is important to consider that, in some cases, the high level of taxes can be linked to a lower quality of life and public services for the population.

Countries that pay the least tax

arab emirates

Here are the countries that stand out for having the lowest tax burdens in the world:

  1. United Arab Emirates: With a tax burden of just 1.4% of GDP, the United Arab Emirates is a country with one of the lowest tax burdens in the world. The tax burden is very low, and citizens only deduct around 7.5% of their salary income that goes to social security.
  2. Kuwait: With a tax burden of only 1.5% of GDP, citizens deduct a small percentage of their salary income that goes to social security.
  3. Equatorial Guinea: Has a tax burden of just 1.7% of GDP. Despite the low tax burden, the country has inefficient bureaucracies in government processes and restrictive labor regulations, which reduce competitiveness.
  4. Andorra: With a tax burden of just 6% of GDP, Andorra is a country with one of the lowest tax burdens in Europe. The tax exemption is one of the reasons for the high number of tourists in Andorra. In the region, citizens enjoy good living and working conditions and pay between 6% and 9% for Social Security.
  5. Sudan: With a tax burden of only 6.3% of GDP, the nation collects approximately 6.3% in taxes. Despite the low tax burden, the country has inefficient bureaucracies in government processes and restrictive labor regulations, which reduce competitiveness.
  6. Brunei: With a tax burden of just 8.7% of GDP, the country’s economic independence is guaranteed mainly by one product: oil. It is the only completely sovereign state on the island of Borneo, close to Malaysia and Indonesia. Its exports, apart from industrial production and sales, are not taxed.
  7. Qatar: With a tax burden of just 11.3% of GDP, Qatar lives off oil exploration and collects an average of 11.3% in taxes every year. Citizens deduct up to 5% of their salary each month for social security.
  8. Macedonia: Has a tax burden of just 12.9% of GDP. Despite being at the top of the list of countries with the lowest taxes, Macedonia ranks poorly in other important indicators such as political stability and access to credit for companies.
  9. Sri Lanka: With a tax burden of just 15.3% of GDP, Sri Lanka is a country with one of the lowest tax burdens in Asia. The country has attracted major international investment and, among Asian nations, is one of the countries that has risen the most in the competitiveness ranking since 2007.
  10. Georgia: It has a tax burden of just 16.4% of GDP. Although it charges few taxes, it has inefficient bureaucracies in government processes and restrictive labor regulations, which reduce competitiveness.

These countries attract many foreign investors and entrepreneurs with their favorable tax policies, such as exemptions and low tax rates. However, it is important to consider that, in some cases, the low level of taxes can be related to a lower quality of life and public services for the population.

Countries that turn taxes into good public services

Some countries are known for better transforming taxes into good public services, offering a good quality of life and public services for the population:

Finland

Finland stands out for the high quality of its public services, supported by a tax burden of 43.6% of GDP. The Finnish healthcare system is widely recognized as one of the best in the world, offering universal access to its citizens. In addition, free, high-quality education contributes to forming a population that is well prepared for the job market.

Sweden

Sweden also offers excellent public services, financed by a tax burden of 47.1% of GDP. Its public health system is globally renowned, guaranteeing universal care. Free, high-quality education is a fundamental pillar, resulting in a well-educated population that is ready for the job market.

Denmark

In Denmark, a tax burden of 44.06% of GDP ensures the provision of high-quality public services. The Danish healthcare system is considered one of the best in the world, providing universal access to all citizens. Free, high-quality education plays a crucial role in shaping a well-educated population.

Australia

With a tax burden of 25.90% of GDP, Australia excels in offering high-quality public services. The country is known for its robust public health system, which is also one of the best in the world. Australia’s free, high-quality education system ensures that the population is well prepared for the challenges of the job market.

Norway

Norway offers exemplary public services, financed by a tax burden of 40.4% of GDP. The Norwegian healthcare system is widely recognized for its efficiency and universal coverage. Free, high-quality education contributes significantly to the formation of a well-educated and professionally prepared population.

These countries show that, when well managed, taxes can transform the lives of their citizens, offering high-quality public services and a range of social benefits. So, have you lived or would you like to live in one of these countries? Share your experiences and opinions in the comments!

See also: The best countries to work and have greater purchasing power.

Redação UBE
Redação UBEhttps://umaboaexperiencia.com
Somos uma equipe apaixonada por boas experiências ao redor do mundo. Acreditamos que uma boa experiência não se define por preço ou exclusividade, mas sim como você se sente vivendo esse momento.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest posts