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62% (This consists of 40% income tax on the GBP 100k–125k band, an effective 20% due to the phase-out of the personal allowance, and 2% employee National Insurance). The marginal rate then drops to 47% for income above GBP 125k (45% income tax plus 2% employee National Insurance) [241] [242] 20% (standard rate) 5% (home energy and renovations)
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. It is calculated without making deductions ...
The concept of GSP is very different from the concept of "most favored nation" (MFN). MFN status provides equal treatment in the case of tariff being imposed by a nation but in case of GSP differential tariff could be imposed by a nation on various countries depending upon factors such as whether it is a developed country or a developing country.
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
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Countries with whom Georgia has General Schemes of Preference (GSP). Georgia has bilateral free trade agreements with the following countries and blocs: [ 25 ] Armenia
The EBA is part of the EU Generalized System of Preferences (GSP). [1] The up-to-date list of all countries benefiting from such preferential treatment is given in Annex IV of the consolidated text of Regulation (EU) 978/2012. [2] The aim of the scheme is to encourage the development of the world's poorest countries.
4 June 2022: Source: Blank map: File:World map (Miller cylindrical projection, blank).svg; Data from IMF: March 2023 World Economic Outlook Database, October 2022. World Economic Outlook. International Monetary Fund (October 2022). Author: Allice Hunter and Snowballa68
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