Country
Rate (%)
Country
Rate (%)
Country
Rate (%)
Argentina
43.1
Kazakhstan
19.9
Morocco
13.9
Chad
36.3
Tanzania
19.3
Botswana
13.6
Brazil
35.1
Sierra Leone
19.0
Trinidad
13.1
Uzbekistan
34.9
Sweden
18.9
Greece
13.0
USA
34.6
Georgia
18.9
Ghana
12.9
France
34.0
Denmark
18.5
Czech Republic
12.0
India
33.6
Finland
18.3
Vietnam
11.7
Russia
31.9
Malaysia
18.0
Slovenia
11.6
Japan
29.5
Jamaica
17.9
Slovak Republic
11.2
Korea
29.5
Ecuador
17.9
Ireland
10.9
UK
27.9
Jordan
17.6
Taiwan
10.9
Italy
26.9
Switzerland
17.6
Ethiopia
9.8
Australia
26.0
New Zealand
17.6
Croatia
9.5
Spain
25.4
Mexico
17.5
Iceland
8.9
Lesotho
25.3
Zambia
17.2
Romania
8.6
Austria
25.3
Thailand
17.0
Singapore
8.5
Costa Rica
25.2
Rwanda
16.9
Mauritius
7.8
Norway
24.7
Netherlands
16.8
Egypt
7.0
Pakistan
24.1
Luxembourg
16.8
Chile
6.7
Germany
23.8
China
16.6
Turkey
5.6
Peru
23.0
Hungary
15.9
Latvia
5.6
Bolivia
22.9
Uganda
15.4
Bulgaria
4.6
Tunisia
21.9
Nigeria
15.1
Kenya
4.5
Portugal
20.8
Madagascar
14.6
Hong Kong
4.0
Iran
20.6
Israel
14.6
Ukraine
3.1
Fiji
20.6
South Africa
14.5
Belgium
-1.7
Indonesia
20.5
Bangladesh
14.5
Serbia
-5.1
Canada
20.5
Poland
14.3
Average
17.7
Federal budget
Changes to revenue and budget effects of changes in the capital gains tax rate ($bn) 20%
24% 28%
Static capital gain tax increase
30.7
54.7 77.5
Loss in personal income tax from weaker economy
-28.3
-51.8 -73.5
Net change in personal income tax
2.5
2.9 4.0
Loss in other taxes from weaker economy
-15.3
-27.7 -39.0
Dynamic change in total federal revenue (before portfolio adjustments)
-12.8
-24.8 -35.0
Change in federal outlays due to lower wages Change in federal budget surplus (- indicates smaller surplus or larger deficit) Portfolio adjustment
-7.4 -5.4
-13.4 -18.8 -11.4 -16.2
Further reduction in capital gains tax revenue from reduction in capital stock Dynamic revenue change with portfolio adjustment
-12.0
-21.4 -29.8
-24.9
-46.2 -64.8
Change in federal surplus with portfolio adjustment
-17.4
-32.8 -46.0
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