The Dhaka Times Desk Unusual tax, the story of some countries that exist today! Businessmen of the countries are disoriented due to taxes.
A country with a high tax burden on its citizens is considered to be relatively lagging behind in competition. World Bank Global Tax Rates are taken into account to measure the tax burden.
The World Economic Forum has recently published a report based on competitiveness among countries in the global context. The forum presents the overall picture of each country on various issues including corruption, inflation.
# tax rate is above 50% Argentina is on the first place in the list of countries! The tax rate in the country is 137.4 percent! 90 percent of corporate income goes to the government coffers.
# Bolivia ranks second on this list. The tax rate there is 83.7 percent. 60 percent of private institutions are deposited in the state treasury!
Tajikistan is ranked third in the # list. The tax rate there is 81.8 percent. The tax rate in the Central Asian country was an even lower 80.9 percent last year.
Algeria is ranked fourth in the # list. Algeria has the highest tax rate on the African continent. The tax rate there is 72.7 percent.
# On the other hand, at the 5th position is the agriculturally dependent country Mauritania. The tax rate in this country is 71.3 percent.
Meanwhile, the tax rate above 50% is next on the list:
Colombia 69.7
Brazil 69.2
China 67.8
Venezuela 65
Italy 64.8
Nicaragua 63.9
Shad 63.5
Gambia 63.3
Benin 63.3
France 62.7
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