10 Countries With The Highest Tax Rates In The World

7. The Netherlands

Combined personal, corporate, VAT, GST and sales tax average: 37.83%

Holland is in top 20 countries in the world no matter how you look at the parameters – either by nominal GDP or by GDP per capita. This is a great result for a country with just 17 million inhabitants. One of the main reasons for the high standard of living in the Netherlands is the corporate tax which span between 25 and 48 percents. The personal income taxes are even higher and range between 52 and 60 percent. VAT of 21% also plays an important role in country’s tax income which averages 37.83 percents when all three categories are considered.