Individual income tax : a cross-continental comparison

Connie SHUM; Jack FAY; Man Ching, Gladie LUI

Individual income tax : a cross-continental comparison

Connie SHUM, Jack FAY, Man Ching, Gladie LUI

Department of Accountancy

Research output: Journal Publications › Journal Article (refereed) › peer-review

Abstract

Individual income tax rates and laws change frequently in many countries. It may be necessary for individuals and/or companies to keep track of the most current information regarding tax rates and laws if they are considering relocation or for any other reason. This paper attempts to provide the answer to the research question: Who pays the most and the least in individual income taxes throughout the world today? The study finds that there are high tax-paying countries such as Austria, Belgium, Denmark, Finland, Japan, Slovenia, Sweden, and Zimbabwe, which have a top marginal tax rate of 50% or higher. In contrast, Anguilla, Bahamas, Bahrain, Bermuda, Cayman Islands, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates have no income tax.

Original language	English
Pages (from-to)	64-88
Number of pages	25
Journal	World Journal of Social Sciences
Volume	7
Issue number	1
Publication status	Published - 1 Mar 2017

Keywords

Global Individual Income Tax
Global Individual Income Tax Rates
Individual Income Tax

Cite this

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abstract = "Individual income tax rates and laws change frequently in many countries. It may be necessary for individuals and/or companies to keep track of the most current information regarding tax rates and laws if they are considering relocation or for any other reason. This paper attempts to provide the answer to the research question: Who pays the most and the least in individual income taxes throughout the world today? The study finds that there are high tax-paying countries such as Austria, Belgium, Denmark, Finland, Japan, Slovenia, Sweden, and Zimbabwe, which have a top marginal tax rate of 50% or higher. In contrast, Anguilla, Bahamas, Bahrain, Bermuda, Cayman Islands, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates have no income tax.",

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AU - LUI, Man Ching, Gladie

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N2 - Individual income tax rates and laws change frequently in many countries. It may be necessary for individuals and/or companies to keep track of the most current information regarding tax rates and laws if they are considering relocation or for any other reason. This paper attempts to provide the answer to the research question: Who pays the most and the least in individual income taxes throughout the world today? The study finds that there are high tax-paying countries such as Austria, Belgium, Denmark, Finland, Japan, Slovenia, Sweden, and Zimbabwe, which have a top marginal tax rate of 50% or higher. In contrast, Anguilla, Bahamas, Bahrain, Bermuda, Cayman Islands, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates have no income tax.

AB - Individual income tax rates and laws change frequently in many countries. It may be necessary for individuals and/or companies to keep track of the most current information regarding tax rates and laws if they are considering relocation or for any other reason. This paper attempts to provide the answer to the research question: Who pays the most and the least in individual income taxes throughout the world today? The study finds that there are high tax-paying countries such as Austria, Belgium, Denmark, Finland, Japan, Slovenia, Sweden, and Zimbabwe, which have a top marginal tax rate of 50% or higher. In contrast, Anguilla, Bahamas, Bahrain, Bermuda, Cayman Islands, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates have no income tax.

KW - Global Individual Income Tax

KW - Global Individual Income Tax Rates

KW - Individual Income Tax

UR - http://www.wjsspapers.com/static/documents/March/2017/6.%20Connie.pdf

UR - https://commons.ln.edu.hk/sw_master/7269

M3 - Journal Article (refereed)

SN - 1838-3785

VL - 7

SP - 64

EP - 88

JO - World Journal of Social Sciences

JF - World Journal of Social Sciences

IS - 1

ER -

Individual income tax : a cross-continental comparison

Abstract

Keywords

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Cite this