As a CPA in recovery, I thought it only appropriate for me to dig deeper into taxes this April 15th. I uploaded (via an Excel Import) tax rates across the globe into an online database to see how countries across the globe tax individuals and corporations.
Here is how the taxes stack up for the sixty countries I examined:
• 5 countries have individual tax rates in excess of 50% with Denmark having individual tax rates as high as 59%
• Monaco has no individual taxes for its citizens
• 6 countries have corporate tax rates of 35%
• Montenegro has lowest corporate tax rate of 9%
For a detailed listing of corporate tax rates by country click here. To see a detailed listing of individual tax rates by country click here.
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