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By 1897, Denmark's income tax encompassed 15.00% [3] of the state's total revenue, far surpassing any other European country at the time. From 1897 to the present, Denmark continued to boast exceptionally high income tax rates, never dropping below the top five countries in Europe in terms of percentage revenue earned from income taxes. [3]
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros. The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat . [ 1 ]
Gross Average Monthly Wages (USD, at current exchange rates) [4] Year Switzerland * 8,765 2023 Luxembourg * 7,292 2023 Iceland * 6,778 2023 United States * 6,676 2023 Denmark * 6,023 2023 Norway * 5,437 2023 Belgium * 5,108 2023 Netherlands * 5,005 2023 Canada * 5,004 2023 Ireland * 4,865 2023 Austria * 4,798 2023
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.
As of 2015, Denmark has no environment tax on electricity. [130] Denmark is a long-time leader in wind energy and a prominent exporter of Vestas and Siemens wind turbines, and in 2019 Denmark's exports of wind-turbine technology and services amounted to € 8.9 billion. [131]
Denmark will tax livestock farmers for the greenhouse gases emitted by their cows, sheep and pigs from 2030, the first country in the world to do so as it targets a major source of methane ...
With income taxes in the lowest bracket being raised 1 percentage point a year, the health contribution tax was eliminated in 2019. In 2012 this tax was lowered to 7%, 2013 6%, 2014 5%, 2015 4%, 2016 3%, 2017 2%, 2018 1%. This follows an agreement on taxes by the Folketing from 2009.