Taiwan: Lowest Tax Burden in the World

January 28th, 2011
in News, Background, econ_news

Taiwan map  CENS.com:  Taiwan`s per capita tax burden rate (tax revenue divided by GDP) fell under 12% to 11.9% in 2010, the third lowest of its kind ever recorded and likely the lowest in the world, according to the Ministry of Finance (MOF).

Last year, the government`s total tax revenues reached NT$1.6133 trillion (US$52.042 billion), up 5.4% from a year earlier; while the GDP came to NT$13.5228 trillion (US$436.22 billion) for an annual rise of 9.98%. As a result, the per capita tax burden rate fell to 11.9%, only higher than 11.8% in 2002 and 11.7% in 2003.

Follow up:

In 1990 Taiwan`s tax burden rate stood at 20%, which declined gradually ever since to 13.9% in 2008, quite close to Singapore`s corresponding figure of 13.7% and much lower than Japan`s 17.3% and South Korea`s 20.7%.

Taiwan saw its per capita tax burden rate keep falling to 12.2% in 2009 and 11.9% in 2010, which is believed the lowest in the world.

Tax Burden Rates of Taiwan and Singapore Unit: %

Year

Taiwan

Singapore

2006

13.1

12.5

2007

13.4

13.5

2008

13.9

13.7

2009

12.2

13.3

2010

11.9

--

Source: Taiwan Ministry of Finance and CENS.com.....















Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.












 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved