10 Countries With The Highest Income Tax Rates

1. Ivory Coast

The West African country of Ivory Coast has the highest income tax rate in the world at 60%.

2. Finland

Finland has the highest taxes in Europe and the second highest taxes in the world at 56.95%.

3. Japan

Japan is the only Asian country amongst high tax countries with a tax rate of 55.97%.

4. Denmark

Denmark has a tax rate of 56%.

5. Austria

The marginal tax rate of Austria stands at 55%.

6. Sweden

In Sweden, the rate of personal income tax is 52.9%.

7. Aruba

In Aruba, the government levies a personal income tax rate of 52%.

8. Belgium

The tax rate in Belgium is 50%.

9. Israel

In the Middle-eastern country of Israel, the marginal tax rate is 50%.

10. Slovenia

The European country of Slovenia imposes a 50% tax on its citizens.

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