Tag Archives: taxes

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Moving Wealth Offshore

Offshore tax avoidance or evasion is nearly the exclusive preserve of the global elite. Eighty percent of all offshore wealth belongs to the top 0.1% of earners worldwide, while 50% belongs to the even smaller group of the top 0.01%. We wonder: Which set of countries has more than half of its GDP in offshore tax havens?

A. Russia, China and India
B. United States and Mexico
C. Spain, Italy, France, Germany and the UK
D. United Arab Emirates, Venezuela and Saudi Arabia
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Tax Freedom Day

One way to compare taxation levels between countries is to measure how many days worth of annual salary is paid into to fulfill national, state and local tax obligations. We wonder: Which of the following countries has the highest number of days of working before the tax burden of an annual salary is paid off?

A. France
B. Germany
C. Sweden
D. United States
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Lucky Singles

The old cliché about death and taxes holds true around the world. However, there are significant variations in the size of the bite that governments take out of employees’ pay. We wonder: In which of these countries does the average single worker with no children pay the lowest percentage of income and social insurance taxes?

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