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Danes and Swedes are the highest taxed people in Europe, according to research published on Monday (29 April). Denmark and Sweden claim tax revenues accounting for 47.7 percent of economic output and 44.5 percent respectively. The two countries also have the highest top rates of income tax at 55.6 and 56.5 percent respectively. Meanwhile, citizens in Lithuania, Bulgaria and Latvia are the least taxed, with governments taking between 26 percent and 28 percent. Tax rates have risen across the board, particularly among the four EU bailout countries (Greece, Ireland, Portugal and Cyprus), as cash-strapped governments bid to balance budgets against...

MONTGOMERY, N.J. - Barbara Lehman has lived in this central New Jersey community for 30 years, but her time here is nearing an end. She sent her children through Montgomery's well-regarded schools. And she enjoys the rolling landscape even as housing developments have spread across it in recent years. But her property taxes have climbed 56 percent since 2000 to a knee-buckling $14,000 a year — a heavy load for a high school French teacher whose salary goes up only about 3 percent a year. "Oh, it's terrible," Lehman said. Despite efforts by governors and lawmakers to do something about...

We've just released a new study on corporate taxation around the globe. Bottom line: the U.S. is a global leader in yet another area—high corporate tax rates... The United States has the highest overall corporate income tax rate (39.3 percent combined federal and sub-federal) among all countries in the Organization for Economic Cooperation and Development (OECD) (see table below). Japan (39.0 percent) and Germany (38.9 percent) have the second and third highest corporate income tax rates. The nation with the lowest corporate income tax rate in the OECD is Ireland (12.5 percent).