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Country vs country: Canada and Germany compared: Economy > Tax

Definitions

  • Components of taxation > Social security > Contribution by employer: Tax on employer's contribution of social security as a percentage of total tax collected by the country. Data is for 2002.
  • Contribution by richest 30%: Proportion of taxes paid by the broad income group - richest 30% (Data is for mid-1990s). Taxes include all direct income taxes, including employee social security contributions. Income groups were built on the basis of final disposable adjusted income.
  • Grants and other revenue > % of revenue: Grants and other revenue include grants from other foreign governments, international organisations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government owner\xADship of property); and voluntary, unrequited, nonrepayable receipts other than grants."
  • Grants and other revenue > Current LCU: Grants and other revenue include grants from other foreign governments, international organisations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government owner\xADship of property); and voluntary, unrequited, nonrepayable receipts other than grants."
  • Highest marginal tax rate > Corporate rate: Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.
  • Highest marginal tax rate > Individual > On income exceeding > US$: Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.
  • Highest marginal tax rate > Individual rate: Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.
  • Net taxes on products > Current US$: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.
  • Net taxes on products > Current US$ > Per capita: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars. Per capita figures expressed per 1,000 population.
  • Revenue > Excluding grants > Current LCU: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here."
  • Social security contributions: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments."
  • Tax payments > Number > Per capita: Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent." Per capita figures expressed per 1 million population.
  • Taxes on goods and services > % value added of industry and services: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
  • Taxes on income > Profits and capital gains > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Total tax rate > % of profit: Total tax rate is the total amount of taxes payable by businesses (except for labor taxes) after accounting for deductions and exemptions as a percentage of profit.
STAT Canada Germany HISTORY
Components of taxation > Social security > Contribution by employer 8.5%
Ranked 22nd.
19.8%
Ranked 9th. 2 times more than Canada

Contribution by richest 30% 60.4%
Ranked 8th. 13% more than Germany
53.6%
Ranked 11th.

Grants and other revenue > % of revenue 8.25%
Ranked 66th. 2 times more than Germany
3.93%
Ranked 77th.

Grants and other revenue > Current LCU 23.99 billion
Ranked 45th.
27.96 billion
Ranked 42nd. 17% more than Canada

Highest marginal tax rate > Corporate rate 33%
Ranked 25th. 12% more than Germany
29.44%
Ranked 44th.

Highest marginal tax rate > Individual > On income exceeding > US$ $107,542
Ranked 14th.
$334,448
Ranked 3rd. 3 times more than Canada

Highest marginal tax rate > Individual rate 29%
Ranked 52nd.
45%
Ranked 10th. 55% more than Canada

Net taxes on products > Current US$ 53.85 billion$
Ranked 10th.
271.11 billion$
Ranked 1st. 5 times more than Canada

Net taxes on products > Current US$ > Per capita 1.72 million$ per 1,000 people
Ranked 19th.
3.29 million$ per 1,000 people
Ranked 11th. 91% more than Canada

Revenue > Excluding grants > Current LCU 289.85 billion
Ranked 40th.
706.5 billion
Ranked 24th. 2 times more than Canada

Social security contributions 20.62%
Ranked 36th.
54.74%
Ranked 1st. 3 times more than Canada

Tax payments > Number > Per capita 0.271 per 1 million people
Ranked 150th. 38% more than Germany
0.196 per 1 million people
Ranked 5th.

Taxes on goods and services > % value added of industry and services 3.97%
Ranked 84th.
7.19%
Ranked 54th. 81% more than Canada

Taxes on income > Profits and capital gains > % of revenue 53.47%
Ranked 4th. 3 times more than Germany
15.9%
Ranked 40th.

Total tax rate > % of profit 43.6%
Ranked 78th.
44.9%
Ranked 69th. 3% more than Canada

SOURCES: OECD Revenue Statistics; Michael F. Forster, 'Trends and Driving Factors in Income Distribution and Poverty in the OECD Area', OECD Labour Market and Social Policy Occasional Paper 42; International Monetary Fund, Government Finance Statistics Yearbook and data files.; KPMG's Corporate and Indirect Tax Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).; KPMG's Individual Income Tax and Social Security Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).; World Development Indicators database; World Bank, Doing Business project (http://www.doingbusiness.org/).

Citation

"Economy > Tax: Canada and Germany compared", NationMaster. Retrieved from http://www.nationmaster.com/country-info/compare/Canada/Germany/Economy/Tax

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