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Denmark has the highest taxes in EU

Staff writer ▼ | April 30, 2013
Europe's statistics agency Eurostat in its new report said Denmark is having the highest tax burden in the European Union, with income equivalent to 47.7% of the country's annual output.
Denmark
DenmarkEurope's statistics agency Eurostat in its new report said Denmark is having the highest tax burden in the European Union, with income equivalent to 47.7% of the country's annual output.


The next three spots belong to Sweden, Belgium, France and Finland, all with tax around 44 percent, the report shows.

At the lower end of the tax scale is east Europe, where several countries that were once Soviet Union-dependent countrie, now Europen Union member states. Lithuania collected just 26 percent of its economic output in taxes while others with Bulgaria, Latvia, Romania and Slovakia collected less than 30 percent.

Ireland also has one of the lowest tax burdens at just under 29 percent, although a new property tax that will come to life later this year will change that.

While the tax burden may be high in northern Europe, the figures show the trend is downwards. Denmark's tax take is down from 49.4 percent in 2000, while Sweden's has dropped from 51.5 percent to 44.3 percent in the past 11 years.

The average across the European Union has also fallen marginally over that time, with revenue dropping to 38.8 percent of GDP in 2011 from 40.4 percent in 2000.


 

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