Taxes in Europe

European taxation

Scientists and statisticians like to periodically shock the public with some details obtained as a result of studying a certain system or people’s opinion. Sometimes this information can be helpful. It can open up great opportunities for the development of business, culture, music or art.

These are the recent studies of tax systems in European countries. Data from nineteen countries examining tax systems were published by Delo.

Taxes in Europe

The payment of taxes in Europe is not the same. UK citizens pay the highest taxes. In addition, the country is the seventh when taking into account the criterion for the amount of tax collections from citizens whose monthly income is less than 1270 pounds. The UK also levies large taxes on citizens whose monthly income exceeds £ 10,518.

To display this issue, you can approach on the other hand. A British citizen who earns less than 15 thousand pounds a year by paying all taxes to the state receives about 83% of the amount.

For comparison, we can cite the indicators of other countries. For example, in Japan or America, this amount will be equal to 90%. And in Ireland – almost 96%.

In this matter the Germans are not in the first, but in the seventh place. Passing ahead India, France, Germany, Mexico, Estonia, Italy.

Another indicator for comparison is the profit balance obtained after paying all taxes at the highest income level. In Britain, a citizen will receive about 60% clean, and a Russian – 87%.

Transport tax in Europe, income tax and others

The current year 2012 was marked by a widespread European rise in the rates of various corporate and individual taxes. This process, most likely, was the result of a change in the direction of political influence. If earlier, politics dictated a reduction in the tax burden, now it is striving to increase it.

Taxes in Europe are rising, the European Commission Eurostat (statistical agency) confirms its data. Taxation in Europe will decrease. At the same time, taxes are steadily increasing. These processes are especially acute in countries within the Eurozone.

To confirm the facts, it is possible to analyze the size of the tax on consumption. Just a year ago, the average rate for this type of tax did not exceed the mark of 20.7%, and today it has long gone over 21 percent.

However, the average figure does not indicate equal opportunities for the countries – representatives of Europe.

For example, residents of Luxembourg pay 15% of the value added tax. And residents of Cyprus – 17%, and residents of Hungary – as much as 27%.

The same goes for the maximum tax rate. Now in the Eurozone countries it has increased to 43, 2%, and on average in Europe – 38%.

In parallel, there was an increase in corporate taxes. Although, in comparison with individual taxes in this area, the growth is not so significant. On average, in Europe, the corporate tax rate is 23.5%. And in the Eurozone countries it is 26.1%.

This tax increase is for the first time in a decade from 2000 to 2011. Previously, the policy was aimed at reducing the rate for all types of taxes.

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