In terms of the highest income tax rates in the world, the small Caribbean island of Aruba has the top rate of 58.95% followed by Sweden (56.6%) and Denmark (55.4%). Ten countries have a zero income tax rate including Saudia Arabia and the Cayman Islands. South Africa's highest rate of personal income tax is 40%. (http://bit.ly/1eI0buK)
This week's theme: Tax
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Fact-a-Day
May 22, 2014
