13 Countries with Highest Tax Rates in the World

2. Aruba
Income Tax In The Highest Slab: 58.95 Per Cent
Overall Rank: 1

Aruba has the highest income tax rate in the world. A citizen of Aruba who is unmarried is charged with 58.95 percent of tax and a married individual must pay a minimum of 55.85 percent.

Infact, the tax rates were reduced from 60 percent in 2007 to 58.95 percent. Apart from the high income tax, the country also levies a capital gain tax of 25 percent, along with health, pension and accident insurance premiums.

3. Sweden
Income Tax In The Highest Slab: 56.6 Percent
Overall Rank: 2

Next on the list is Sweden with income tax rates of 56.6 percent. It is one of the largest European nations in the world with high income tax.

Moreover, the country has left behind the neighboring Scandinavian countries which was once upon a time considered to have highest income tax rates in the world with 48 percent.

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