10 Countries with the Highest Tax Rates in the World

Economics & Macro

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18/11/2016 15:54 WIB

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10 Countries with the Highest Tax Rates in the World

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10 Countries with the Highest Tax Rates in the World

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Comoros and Argentina have the highest tax rates in the world. With taxes exceeding 100 percent, both countries are a nightmare for businesses.

According to World Bank data, Comoros levies a tax of 216 percent of company profits, the highest globally. In the World Bank and Pricewaterhouse Cooper (PwC) tax study titled "Paying Taxes 2017," this island nation located between the African continent and Madagascar ranked 168th.

Argentina has the second-highest tax rate at 106 percent. This southernmost country in the Americas ranked 88th in the same tax payment ranking.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."