FLASH NEWS
This is how much workers' incomes are taxed in Europe, the countries of the region pay less, except for Albania
2024-02-10 21:17:18 / BOTA
According to a study by the "Tax Foundation" on wages and taxation in Europe, it turns out that in 2022 a worker with an average salary in Europe was paying about a third of his income as an obligation to the state. Not surprisingly, the tax burden across Europe varies significantly, with workers in Western Europe and more developed countries paying the most.
Denmark (55.9%), Austria (55%), Portugal (53%), Sweden (52.3%) and Belgium (50%) are some of the countries with the highest personal income tax rates.
On the other hand, Romania (10%), Bulgaria (10%), Bosnia and Herzegovina (10%), Kosovo (10%) and North Macedonia (10%) are the European countries with the lowest taxes, while Albania ranks (23%).
However, surprisingly, not all citizens are unhappy about higher taxes, including Denmark, where taxes can reach 55.9%.
In this case, many citizens consider the payment as an investment in the collective future of the country and society, or similar to the purchase of a certain quality of life. It is worth noting that Denmark was ranked the second happiest country in the world for the fourth year in a row, according to the World Happiness Report 2023.
This enables all segments of society, regardless of gender, socio-political or economic position, to benefit from the same opportunities, significantly reducing the economic and social burden. Most education, especially higher education in Denmark is free, with college students also receiving a grant from the Danish government.
For Eastern and Southeastern European countries like Romania, Bulgaria and Bosnia and Herzegovina, which are still developing their infrastructure and economies, lower taxes are a way to attract and hopefully retain foreign investment.
These countries often offer cheaper labor and production costs, tax breaks and a wealth of untapped markets and opportunities. Not only that, but they can also often offer a better standard of living, as the cost of living is significantly cheaper than most Western European countries.
-
Analysis/ Lenin's lecture on Israel and Ukraine
February 10, 20:58 -
Happening now...
America may withdraw from Europe, but not from SPAK
Nga Gentian Gaba
ideas
top
Alfa recipes
TRENDING 
services
- POLICE129
- STREET POLICE126
- AMBULANCE112
- FIREFIGHTER128