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On cantonal level, tax rates varies heavily, Obwalden adapted a 1.8% flat tax on all personal income following a cantonal referendum in 2007. In most cantons, the rate is proportional with a maximum rate of 6.5% in Bern , whereas in Zurich it was 13% and in Geneva 17.58-.76% (depending upon taxes as single or jointly).
The tax percentage for each country listed in the source has been added to the chart. According to World Bank , "GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
Hines–Rice concluded, "low foreign tax rates [from tax havens] ultimately enhance U.S. tax collections". [59] For example, the Tax Cuts and Jobs Act of 2017 ("TCJA") levied 15.5% on the untaxed offshore cash reserves built up by U.S. multinationals with BEPS tools from 2004 to 2017. Had the U.S. multinationals not used BEPS tools and paid ...
The withholding rate has been 35% since 1976, except for life insurance benefits, which are taxed at 8%, and life annuities and pensions, which are taxed at 15%. [4] Initially set at 15% in 1944, the rate rose to 25% in 1945, then to 27% in 1958 and 30% in 1967. [1]
A tax on the super-rich pitched by the youth wing of one of Switzerland's main political parties is "extremely dangerous" for the country, a top Swiss banker said on Wednesday, pointing to ...
A tax exile is a person who leaves a country to avoid the payment of income tax or other taxes. The term refers to an individual who already owes money to the tax authorities or wishes to avoid being liable in the future for taxation at what they consider high tax rates, instead choosing to reside in a foreign country or jurisdiction which has no taxes or lower tax rates.
Switzerland is offering a cash prize for solutions to remove munitions from its lakes. The ammo was dumped in lakes between 1918 and 1964 as the Swiss military believed it to be safe.