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List of Taxes around the world
Comparison of tax rates around the
world is difficult and somewhat subjective. Tax laws in most countries
are extremely complex, and tax burden falls differently on different
groups in each country and sub-national unit. The lists below give an
indication by rank of some raw indicators.
The legal definition and the economic definition of taxes differ in that economists do not consider many transfers to governments to be taxes. For example, some transfers to the public sector are comparable to prices. Examples include tuition at public universities and fees for utilities provided by local governments. Governments also obtain resources by creating money (e.g., printing bills and minting coins), through voluntary gifts (e.g., contributions to public universities and museums), by imposing penalties (e.g., traffic fines), by borrowing, and by confiscating wealth. From the view of economists, a tax is a non-penal, yet compulsory transfer of resources from the private to the public sector levied on a basis of predetermined criteria and without reference to specific benefit received.
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