|
|
|
|
|
by pendar747
3112 days ago
|
|
That's true, but it's worth mentioning that income tax also doesn't seem to be a large portion of most country's GDP. It seems to range between 1% to 14%, except Denmark (25%) which is an outlier. See: https://data.oecd.org/tax/tax-on-personal-income.htm#indicat.... The global average is only 8%! Another interesting fact is that in the graph for corporate profit, Luxembourg actually has the highest rates, which must be because of its small size and huge number of companies that are registered there to benefit from the countries low tax rate. Despite this I think corporate should be higher judging how much large multinationals earn. Otherwise the income inequality is only going to grow further. |
|
Income taxes are just plain income taxes. There are also social security contributions, part of which is paid by the employer. I know it is not necessarily appropriate to say that that is a tax the employer has to pay, but I counted it as such. Transaction taxes, I counted as a "business tax". VAT, I counted as individual taxation, mostly because it is regressive and hits the poor, i.e. non business owners disproportionately.
So my earlier claim was incorrect. It is more of a 50-50 split.
http://www.oecd-ilibrary.org/taxation/data/revenue-statistic...