Europe and USA – Top tax and social security rates survey: Changes from 2015

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Top rates of income tax & social security contributions – no significant changes

After a period of generally increasing top-tax rates across many jurisdictions since 2008, as a response to the economic downturns seen across many countries, very few changes to the rates have been seen between 2015 and 2016.

Figure 1: Top CELIA Alliance tax rates compared 2015/2016

Sweden, Denmark, the USA (Federal and State taxes), the Netherlands and Belgium continue to have the highest top tax rates. The lowest of the top tax rates continue to be in Hungary, Romania, the Czech Republic, Slovakia and Poland.

Figure 2: Employee and employer top social security rates as percentage of salary, compared 2015/2016 (*data not available new CELIA member, ** employer pays social security contributions at varying rates for various insurances in the Netherlands)

In contrast with income tax rates, the USA and Denmark have the lowest social security rates.

Figure 3: Net salary of a single person earning EUR 200,000 gross per annum, ranked from lowest to highest resulting net income (*data not available, new CELIA members)

Note: Figures may have changed since time of publication.  This analysis does not take into account any deductions that may be available in each jurisdiction

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