10 Countries With The Highest Tax Rates In The World

8. Germany

Combined personal, corporate, VAT, GST and sales tax average: 37.58%

Europe’s number one economy rates as fourth in the world by nominal GDP after those of the USA, China, and Japan. With more than 81 million of pragmatic, precise and hard-working people calling Germany home, it’s no wonder the country makes such outstanding results. Personal income taxes vary between 44.3 and 57 percents while companies have to give to the government between 29.4 and 56.8 percents of their income. VAT of 19% is among lowest among European developed countries and all taxes ultimately average at 37.58 percents.