Group of 7 countries (G7) Compared by Economy > Taxes > Total tax revenue > Total tax revenue
DEFINITION:
Taxes are defined as compulsory, unrequited payments to general government. They are unrequited in the sense that benefits provided by government to taxpayers are not normally in proportion to their payments. Taxes on incomes and profits cover taxes levied on the net income or profits (gross income minus allowable tax reliefs) of individuals and enterprises. They also cover taxes levied on the capital gains of individuals and enterprises, and gains from gambling. Taxes on goods and services cover all taxes levied on the production, extraction, sale, transfer, leasing or delivery of goods, and the rendering of services, or on the use of goods or permission to use goods or to perform activities. They consist mainly of value added and sales taxes. Note that the sum of taxes on goods and services and taxes on income and profits is less than the figure for total tax revenues, which also includes payments by employers and employees made under compulsory social security schemes as well as payroll taxes, taxes related to the ownership and transfer of property, and other taxes.
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Interesting observations about Economy > Taxes > Total tax revenue > Total tax revenue
- Denmark ranked first for taxes > total tax revenue > total tax revenue amongst High income OECD countries in 2009.
- United States ranked second last for taxes > total tax revenue > total tax revenue amongst Group of 7 countries (G7) in 2009.
- All of the top 4 countries by taxes > total tax revenue > total tax revenue are Christian.
- Belgium ranked first for taxes > total tax revenue > total tax revenue amongst Eurozone in 2009.
- Sweden ranked second for taxes > total tax revenue > total tax revenue amongst European Union in 2009.
- All of the top 3 countries by taxes > total tax revenue > total tax revenue are Cold countries'.
- All of the top 11 countries by taxes > total tax revenue > total tax revenue are European.
- France ranked third for taxes > total tax revenue > total tax revenue amongst NATO countries in 2009.
- Japan ranked second last for taxes > total tax revenue > total tax revenue amongst Non-religious countries in 2009.
- United Kingdom ranked first for taxes > total tax revenue > total tax revenue amongst English speaking countries in 2009.
