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Wikipediaorgwikitaxratesaroundtheworld tax rate

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Unformatted text preview: .wikipedia.org/wiki/Tax_rates_around_the_world Tax rate Progressive · Regressive · Flat Proportional · Negative (income) Types Direct · Indirect · Ad valorem · In rem Capital gains · Consumption Dividend · Excise · Georgist 9/7/2010 Economist.com Page 1 of 3 Public-sector finances The state's take Nov 19th 2009 From The Economist print edition Governments differ dramatically in how they tax—and how much they raise THANKS to the collateral damage from the financial crisis, government deficits have surged across the rich world. Once the recovery is entrenched this fiscal deterioration will need to be tackled. Although spending cuts could, and should, be the preferred route to prudence, taxes are all too likely to be part of the mix—at least judging from the experience of those countries that have already acted. Spain will raise its value-added tax rate (VAT) from 16% to 18%. Ireland has raised its top income tax rate from 41% to 46%. In both Britain and America current law promises higher future tax http://www.economist.com/businessfinance/PrinterFriendly.cfm?story_id=14924473 11/30/2009 Economist.com Page 1 of 1 Effective tax rates Aug 27th 2009 From The Economist print edition A person earning $100,000 in Sweden has 37.5% of it deducted as income tax, according to an annual survey of effective tax rates by KMPG, an accou...
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