Most countries have a progressive income tax structure, with the top income tax rate applied to the share of income that falls into the highest tax bracket, Elke Asen writes for the Tax Foundation. This map shows top individual income tax rates across OECD countries in Europe.
The wide rate spread between lowest and highest income tax rates, which varies by as much as 40%, impacts productivity, job choices and staffing costs.
| European countries with the lowest top income tax rates:Estonia (21.3%)Latvia (21.4%)Czech Republic (31.1%) | European countries with the highesttop income tax rates:Slovenia (61.1%)Portugal (61.0%)Belgium (60.2%) |
Read the details: Top Individual Income Tax Rates in Europe
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Judy Vorndran can be reached at jvorndran@taxops.com or 720.227.0093. Follow Judy on LinkedIn.
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