You won’t see Monte Carlo in this list or the Cayman Islands because neither tax their rich inhabitants. Instead we bring you a list of the countries that sting their citizens with the highest income taxes. Tax rates differ so much depending on the person’s income so we’ve looked at average wages across the following nations.
Tax avoidance and tax evasion difference
Photo: Wikimedia Commons
In the UK most workers are in the 24.90% bracket. The average wage of £26,000 means that workers in the UK can expect to pay over £6,474 per year in income tax to the treasury.
Tax avoidance and tax evasion difference
Photo: Wikimedia Commons