Countries with highest & lowest tax rate in world

We present you with the list of countries where you pay the highest and least tax. Prepared by the Organisation for Economic Co-operation and Development (OECD), the Taxing Wages 2017 report has revealed the nations where individuals pay the most and least taxes. The study is based on the calculation of "tax wedge," which includes personal income tax, employer, and employee social security contributions, subtracting the family benefits received as a share of total employer labor costs. The wedge is calculated for a single, childless worker earning the 2016 average national wage.

First, we look at 10 countries where workers pay the most tax:

10. Slovenia

Tax Wedge: 42.7%

9. Sweden

Tax Wedge: 42.8%

8. Czech Republic

Tax Wedge: 43%

7. Finland

Tax Wedge: 43.8%

6. Austria

Tax Wedge: 47.1%

5. Italy

Tax wedge: 47.8%

4. France

Tax wedge: 48.1%

3. Hungary

Tax wedge: 48.2%

2. Germany

Tax wedge: 49.4%

1. Belgium

Tax wedge: 54%

Now, let’s look at 10 countries where workers pay the least tax:

10. Canada

Tax wedge: 31.4%

9. United Kingdom

Tax wedge: 30.8%

8. Australia

Tax wedge: 28.6%

7. Ireland

Tax wedge: 27.1%

6. South Korea

Tax wedge: 22.2%

5. Israel

Tax wedge: 22.1%

4. Switzerland

Tax wedge: 21.8%

3. Mexico

Tax wedge: 20.1%

2. New Zealand

Tax wedge: 17.9%

1. Chile

Tax wedge: 7%

Click here to read the full report.