Individual income tax : a cross-continental comparison
Document Type
Journal article
Source Publication
World Journal of Social Sciences
Publication Date
3-2017
Volume
7
Issue
1
First Page
64
Last Page
88
Publisher
World Business Institute
Keywords
Global Individual Income Tax, Individual Income Tax, Global Individual Income Tax Rates
Abstract
Individual income tax rates and laws change frequently in many countries. It may be necessary for individuals and/or companies to keep track of the most current information regarding tax rates and laws if they are considering relocation or for any other reason. This paper attempts to provide the answer to the research question: Who pays the most and the least in individual income taxes throughout the world today? The study finds that there are high tax-paying countries such as Austria, Belgium, Denmark, Finland, Japan, Slovenia, Sweden, and Zimbabwe, which have a top marginal tax rate of 50% or higher. In contrast, Anguilla, Bahamas, Bahrain, Bermuda, Cayman Islands, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates have no income tax.
Print ISSN
18383785
E-ISSN
18391184
Publisher Statement
Copyright © All Right Reserved: This journal is published by the Billion Brains. Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Shum, C., Fay, J., & Lui, G. (2017). Individual income tax: a cross-continental comparison. World Journal of Social Sciences, 7(1), 64-88. Retrieved from http://www.wjsspapers.com/static/documents/March/2017/6.%20Connie.pdf