Re:List of countries by tax rates
by ralfn on Monday October 10, 2016 @09:28AM
(#12676939)
It's almost impossible to compare any single piece of a tax system in isolation without taking into account the cost of the living, market access and the tax system as a whole.
It may be better to look at government spending in proportion to the GDP and ignore how the government actually got this money. Even when the government lends money -- that's just money your grandchildren will have to pay back through taxes (with interest).
The gov-spending/GDP ratio should be a better indicator of the 'tax' climate.
But even that, could be very misleading. If you need a lot of high educated staff, you would prefer a government that spends that money on free high quality class-free education. If you are an oil company, you might actually prefer that money being spend on a war machine.
It may be better to look at government spending in proportion to the GDP and ignore how the government actually got this money. Even when the government lends money -- that's just money your grandchildren will have to pay back through taxes (with interest).
The gov-spending/GDP ratio should be a better indicator of the 'tax' climate.
But even that, could be very misleading. If you need a lot of high educated staff, you would prefer a government that spends that money on free high quality class-free education. If you are an oil company, you might actually prefer that money being spend on a war machine.