Comparative table

Taxes and rates applied in different countries

Santiago Domínguez Castillo

Macroeconomics-ECO 243 – UNAD FLORIDA

Professor Emperador Perez

August 2021
Introduction

Every rate and tax in every country is different because of the political ideas or cultural and
social manners, also depend of the economy of each country and the relations

A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most
countries are extremely complex and the tax burden falls differently on different groups in each
country and sub-national unit. The list focuses on the main indicative types of taxes: corporate
tax, individual income tax, and sales tax, including VAT and GST, but does not list capital
gains tax, wealth tax or inheritance tax.
 Development

47.475% (45% income tax + 5.5%

19% (standard
Germany 29.65%[90] 14% (€9,169 are free of income tax) solidarity surcharge based on the
rate)7% (reduced rate)
total tax bill)

22% (standard
27.9% (24% + from 23% (first €8,500 per year is deductible) to 47% (43% income tax + 4% special rate)10% (reduced
Italy
3.9% (municipal)) 43% added tax) rate)4% (food and
books)

5% (5% federal tax

26.5-31% (higher 44.5% (33% federal + 11.5% in Alberta) to 15% (5%
19% (15% federal + 4% in Nunavut) to
Canada rate) 9-13% (lower in Nunavut) to 54% (33% federal + federal tax + 10%
27.53% (12.53% federal + 15% in Quebec)
rate) 21% in Nova Scotia)[51][54] provincial tax in New
Brunswick)

20% (standard
rate)10% (books,
15% (for those earning more than
certain items of food
Rusia 20%[2] 13% 5 mil. roubles a year)35% for non-
and children
residents
goods)0% (house or
flat)
11.725% (highest
10% (federal) +
24.6% + 0–12% W-2 // 51.6% in Portland, Oregon (37% prevailing marginal
0% (state) +
United states 30.5% + 0-12% 1099 federal tax[205] + 9.9% state state and local sales
0%–3% (local) (federal standard deduction of
(state/local[90]) tax[206] + 4.7% city tax[207]) tax rate)
12.000 USD for most)
0% (lowest prevailing
Reference list

 Macroeconomics. Greenlaw, S. & Shapiro, D. (2017).

 Principles of Macroeconomics. University of Minnesota (2016)

 Video: Introduction to Fiscal Policy? by Tyler Cowen.