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Here Are the Most and Least Tax-Friendly Countries

GOBankingRates Logo By John Csiszar of GOBankingRates | Slide 1 of 24: As the deadline for tax filing grows closer and closer, plenty of Americans are preparing their returns and shaking their heads at just how much they owe in taxes. Find Out: What Are the 2020-2021 Federal Tax Brackets and Tax Rates? However, if you think America’s tax rates are ridiculously high, you might be surprised to learn that by certain measures, the U.S. actually has among the lowest taxes in the world. GOBankingRates compiled a list of the best and worst countries for taxes so that you can see where you compare. The countries on this list were ranked solely based on tax revenue as a percentage of gross domestic product, as reported by the World Bank. Note that certain countries were excluded from the list, such as those from war-torn areas, those with a minimal population — which skew results — or those with data older than 2016. Click through to see the best and worst countries for taxes, starting with the least tax-friendly countries. Last updated: Jan. 21, 2020

As the deadline for tax filing grows closer and closer, plenty of Americans are preparing their returns and shaking their heads at just how much they owe in taxes.

Find Out: What Are the 2020-2021 Federal Tax Brackets and Tax Rates?

However, if you think America’s tax rates are ridiculously high, you might be surprised to learn that by certain measures, the U.S. actually has among the lowest taxes in the world.

GOBankingRates compiled a list of the best and worst countries for taxes so that you can see where you compare. The countries on this list were ranked solely based on tax revenue as a percentage of gross domestic product, as reported by the World Bank. Note that certain countries were excluded from the list, such as those from war-torn areas, those with a minimal population — which skew results — or those with data older than 2016.

Click through to see the best and worst countries for taxes, starting with the least tax-friendly countries.

Last updated: Jan. 21, 2020

© Mlenny / Getty Images

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