Ever wondered in which country taxpayers pay the highest income taxes?
Based on the principle of public responsibility, contributions of wealthier citizens provide the minimum provisions for the poorer population.
In 2020, the highest income earners in Sweden paid a whopping 57.19%, making it the highest tax paying country in the world. Generally, income taxes are higher in the Nordic countries.
While taxes are high in these countries, you cannot dispute the fact that the governments of these countries also provide their citizens the best in class public facilities and infrastructure. And the cleanliness maintained is reflection of the tax utilisation.
Take a look at where India stands in terms of countries paying highest taxes.
Source: World Economic Forum, Investopedia, Agencies