Top 5 Cheapest Tax Rates in Developed Countries the World
Here’s a list of thecheapest tax rates in developed countries in the world. As we know that every countries must to pay the tax to the government in order to keep the country’s finance. An income tax is a tax levied on the income of individuals or businesses both of corporations or other legal entities. The income of taxation can be progressive, proportional or regressive. In every countries there are many different of tariffs of the tax. Let’s see for the cheapest tax rates in the developed countries below.
1. Australia
The average is about 31.6%. The residents have an average income of $ 36 thousand per year.
2. United Kingdom
The average is about 32%. Still relatively low compared to countries throughout Europe. Average income $ 36 thousand per year. UK provides a full service health care for their citizens. British State also became the world’s financial centers, such as perbangkan investment and the stock market. Unemployment is only 7.8% from last year 2009 data.
3. Switzerland
It’s only 20%. Have the number seven as the highest GDP. There the average income per year reaching $ 43 thousand. No wonder that the country has only 3% unemployment in 2009
4. United States
The average is about 27%, as the country’s No. 2. Interestingly the average American population has a GPD $ 47 thousand. High income with low taxes, who do not love. No wonder if many American’s society a goal to migrate.
5. Canada
The average is about 31.2%. Income residents $ 39,000. The unemployment rate is only 8.5%. Canadian state actively providing services to health care and other societies.
From the list of the cheapest tax rates in developed countries above, included in the tariff where tax situation in your country?.
source : http://www.mostinterestingfacts.com/human/top-5-cheapest-tax-rates-in-developed-countries-the-world.html