Top 10 Highest Tax Paying Countries in The World

Take a look at the below list of Top 10 Highest Tax Paying Countries in The World 2017. Taxes are something that the entire world has in common. No matter what country you are from, everyone thinks that their taxes are the worst. The problem with taxes is that everyone wants to have the highest standard of living possible, but unfortunately, just like everything else, this high standard of living comes at a cost. If people want to have nice things, they have to be willing to pay for them. They say that the only two things certain in life are death and taxes, but some countries really have something to complain about worse than anyone else. This top 10 list runs down the top 10 highest tax paying countries in 2017. This list only considers personal taxes, and does not include corporate taxes.

List of Top 10 Highest Tax Paying Countries in The World 2017

10. Ireland

Ireland Top 10 Highest Tax Paying Countries in The World

Ireland chimes in at number 10 in terms of the highest personal tax rate in the world. However, the corporate tax rate is only 12.5%, making it an attractive location for big corporations such as Google and Apple. Of course, those with higher incomes pay a higher rate. If you make over 40,696 in US dollars in Ireland, your tax rate will be nearly 48%. This is one of the highest tax rates on a higher number of people because of the low threshold that is required to create this tax rate.

9. Finland

Finland Top Famous Highest Tax Paying Countries in The World 2019

Finland is known for having some of the best schools in the world. It also has some of the best paid teachers in the world, but funding this educational success comes at a price. The median income of the finished citizen is about US$31,000. For those that make over US$87,222, they can expect a hefty tax rate of 49.2%. This means that only the wealthy in the nation are privileged to pay for the educational system.

8. United Kingdom


In the United Kingdom, those that make over US$224,484 can expect to pay 50% in taxes. Those that make less than US$14,000 per year are exempted from tax. This system weighs heavily on the wealthy and works as a charity system, providing services for those who cannot afford it. Taxation makes up nearly 30% of total government revenues in the UK. UK citizens are taxed on dividend income, savings income, and income from employment. The UK has three tax brackets with the lowest bracket representing those that make 32,000 pounds or lower per year. They are only taxed at a rate of 20%, with the 50% tax saved for those that make over US$150,000 per year.

7. Japan


Tokyo is home to more millionaires in the world than any other place on the globe, but those who have the most money will also pay a tax rate of 50% on their income. The median income in Japan is around US$27,000 but this is plenty when one considers the highly productive manufacturing industry and the number of workers participating in the manufacture of these goods. In Japan, taxation is a numbers game and depends on small amounts of money from a larger number of citizens.

6. Austria

Austria Top Most Highest Tax Paying Countries in The World 2017

with a population of over 8 million people, Austria ranks as one of the most heavily taxed countries in Europe. Those who earn over US$74,442 can expect their paycheck to be 50% lower than their gross earnings. Married people do not get any discounts, but are taxed separately. There is no incentive for tying the knot for tax purposes in Austria. Corporations make out better in Austria than individuals, as they are only taxed at a rate of 25%. A value-added tax at a rate of 16% applies, but there are certain exemptions for items such as food, agricultural products, banking transactions, entertainment, rent, and tourism activities. This is one of the Top 10 Highest Tax Paying Countries in The World 2017.

5. Belgium

Belgium Top Popular Highest Tax Paying Countries in The World 2018

Belgium is home to 12 million people who must pay 50% total tax rate on all income earned. This is a small country with a big pocket book. Taxes are collected in Belgium on both a state and local level, with federal level taxes representing the more expensive. The lowest income tax rate is for those that make below €8680. They are only taxed at 25%. One only has to earn €37,750 to receive the highest tax bracket at 50%. However, to compensate for this, Belgium has a long list of deductions and personal allowances to try to offset the burden on those with children and more mouths to feed.

4. Netherlands


The Netherlands is known for its shipping ports and as a producer of flowers for around the world. However, its citizens must pay a heavy tax at 52% per capita income. Even though this is a high tax rate, people from the Netherlands must feel better, because this is reduced from us 72% tax rate that existed prior to 1990. In 2001, the tax rate was reduced to its current level at 52%. In addition, people in the Netherlands pay nonfood and luxury taxes on goods purchased of between 19 and 21%. Corporate taxes are only 20% in the Netherlands, which makes it an attractive choice for those who wish to relocate.

3. Denmark

Denmark Top Most Popular Highest Tax Paying Countries in The World 2018

Denmark is one of the smaller populations in the world, which may be the reason behind its high tax rates. In order to meet the needs of the people, the government in Denmark taxes at a rate of 55.38% per capita income. As a reward for their high taxes, the Danish people have increased access to social programs. Even though they have one of the highest tax rates in the world, the Danes are considered to be some of the happiest people in the world.

2. Sweden


Sweden has one of the highest tax rates in the world with 56.6% deducted from their annual income. However, to make up for it, sales on residential properties are tax-free. Sweden also has a value-added tax rate at 25%, with reductions in hotel rooms being taxed at 12%. Sales of publications, admission tickets, and travel to cultural events is only taxed at 6%. Sweden also has a 30% tax rate for all capital gains.

1. Aruba

Aruba Top 10 Highest Tax Paying Countries in The World 2017

Thinking of retiring to that island paradise, you might want to think again. The island of Aruba has the highest tax rate in the world at 58.95%. However, it citizens are some of the highest earners among the Caribbean islands. However, things are not always as bad as they seem. For instance, there is no individual stamp duty, there is no capital acquisition tax, or no tax on real property. That island paradise might not be so bad after all, if you do not have to pay property tax on your island mansion.

These are the Top 10 Highest Tax Paying Countries in The World 2017. Before you complain about taxes, just take a look at this list and remind yourself that it’s really not so bad, that is unless you happen to live in one of these countries. As for the rest of us, this list is something to consider the next time you decide to take a vacation, or perhaps consider moving to another country. From a global perspective it seems that many countries have a fair tax system that is dependent upon differences in taxation for the wealthier classes. The question is how their lower tax brackets relate to the cost of living in those countries. That is the real question that must be asked considering the tax question. If you are thinking of relocating, be sure to check into the tax rate and everything which you will be taxed on when you get there.