Denmark has the highest overall tax burden, but the lowest tax on fuel, reported Eurostat, the statistics office of the European Union (EU). Eurostat provides statistics on what citizens of the countries of the EU actually pay in taxes.
Eurostat has calculated the relationship between the combined tax burden and the GNP for the 27 countries of the EU. The average tax for the entire EU for 2007 was 39.8 percent, which is a drop of 0.1 percent from the previous year.
Compared to the rest of the world, the EU countries in general have a high taxation level. It is approximately 12 percent higher than that of the USA or Japan.
There is a considerable spread among the EU countries, though. Romania and Slovakia have the lowest tax burdens at 29.4 percent. Denmark tops the league with 48.7 percent, followed by Sweden with 48.3 percent.
The tax on labor is the largest part and represents almost half of the total tax revenue in the EU countries. The average tax on labor within the EU was at 34.4 percent during 2006 and remained unchanged during 2007.
When it comes to individual countries, Italy has the highest average tax on labor at 43.1 percent, whereas Malta had the lowest at a mere 20.1 percent.
For income tax, however, Denmark holds the dubious top spot. Denmark citizens pay as much as 59.9 percent income tax, while in Bulgaria the income tax is only 10 percent.
According to Eurostat, income taxes have decreased or remained unchanged within the EU since the year 2000, with some exceptions. Sweden’s income tax actually increased from 51.5 percent in 2000 to 56.4 percent in 2008. Bulgaria actually had a high income tax, 51.5 percent, but reformed their entire taxation system and is now at the current 10 percent.
The taxes on consumption, on the other hand, has been going up since 2002 and was at an average 22.2 percent for the entire EU. Once again Denmark tops with 33.7 percent, while the Greek pay less than half of that, only 15.4 percent.
Starting this year, Eurostat is publishing data on fuel taxes. The tax on fuel is the most important part of the energy taxes and it represents more than 80 percent of the EU’s combined energy taxes.
Latvia actually adds 100 percent in taxes on their fuel. Denmark is the lowest here, with 52 percent, and Sweden is slightly higher, with 56 percent.
Cyprus has a high taxation on capital at 50.5 percent. Estonia is lowest with 10.3 percent and the average for the whole Union is 28.7 percent.
Eurostat has calculated the relationship between the combined tax burden and the GNP for the 27 countries of the EU. The average tax for the entire EU for 2007 was 39.8 percent, which is a drop of 0.1 percent from the previous year.
Compared to the rest of the world, the EU countries in general have a high taxation level. It is approximately 12 percent higher than that of the USA or Japan.
There is a considerable spread among the EU countries, though. Romania and Slovakia have the lowest tax burdens at 29.4 percent. Denmark tops the league with 48.7 percent, followed by Sweden with 48.3 percent.
The tax on labor is the largest part and represents almost half of the total tax revenue in the EU countries. The average tax on labor within the EU was at 34.4 percent during 2006 and remained unchanged during 2007.
When it comes to individual countries, Italy has the highest average tax on labor at 43.1 percent, whereas Malta had the lowest at a mere 20.1 percent.
For income tax, however, Denmark holds the dubious top spot. Denmark citizens pay as much as 59.9 percent income tax, while in Bulgaria the income tax is only 10 percent.
According to Eurostat, income taxes have decreased or remained unchanged within the EU since the year 2000, with some exceptions. Sweden’s income tax actually increased from 51.5 percent in 2000 to 56.4 percent in 2008. Bulgaria actually had a high income tax, 51.5 percent, but reformed their entire taxation system and is now at the current 10 percent.
The taxes on consumption, on the other hand, has been going up since 2002 and was at an average 22.2 percent for the entire EU. Once again Denmark tops with 33.7 percent, while the Greek pay less than half of that, only 15.4 percent.
Starting this year, Eurostat is publishing data on fuel taxes. The tax on fuel is the most important part of the energy taxes and it represents more than 80 percent of the EU’s combined energy taxes.
Latvia actually adds 100 percent in taxes on their fuel. Denmark is the lowest here, with 52 percent, and Sweden is slightly higher, with 56 percent.
Cyprus has a high taxation on capital at 50.5 percent. Estonia is lowest with 10.3 percent and the average for the whole Union is 28.7 percent.
Friends Read Free