Search results
Results from the WOW.Com Content Network
Download QR code; Print/export Download as PDF; ... 7.15: 2019: 56 144.41: 21.75%: 12 212 ... Refunds and corrections of erroneously collected tax revenue are treated ...
On average, high-income countries have tax revenue as a percentage of GDP of around 22%, compared to 18% in middle-income countries and 14% in low-income countries. In high-income countries, the highest tax-to-GDP ratio is in Denmark at 47% and the lowest is in Kuwait at 0.8%, reflecting low taxes from strong oil revenues. The long-term average ...
In addition, because the cutoff point for income taxation is lower than that of the U.S. IRS code, and because the per-capita income in Puerto Rico is much lower than the average per-capita income on the mainland, more Puerto Rico residents pay income taxes to the local taxation authority than if the IRS code were applied to the island.