Country

Tax Rate (%)

Basic Exemption, Euro

Remarks

Australia

-

Austria

-

Belgium

-

Canada

-

Czech Republic

-

Denmark

-

Finland

0.9 (€ +85)

€ 185,000

Joint tax*

France

0.55 - 1.8

€ 720,000 - € 15 million

… plans to reform the country’s solidarity tax imposed on wealth (ISF)

Germany

-

Social Democrat-led (SPD) states have reportedly drafted a bill providing for the re-introduction of a wealth tax in Germany from 2014

Greece

-

Hungary

-

Iceland

1.5%

What can Iceland teach us about a wealth tax?

single individuals with more than ISK 75,000,000 (£390,000) or 100,000,000 (£519,000) for married couples. By taxing the top 2.2 per cent of the po

  As of January 2011, one year after introduction, the tax rate is 1.5 per cent of net capital for single individuals with more than ISK 75,000,000 (£390,000) or 100,000,000 (£519,000) for married couples. By taxing the top 2.2 per cent of the population, the Icelandic government was able to raise 0.3 per cent of GDP in revenue every year.

Ireland

-

Italy

-

One of Italy's top business executives is calling for a wealth tax to bring the country out of the budgetary hole.

Japan

-

Korea

-

Luxembourg

0.5

€ 75,000/per individual+ some items

Joint tax*

Mexico

-

Netherlands

-

Abolished in 2001

New Zealand

-

Norway

0.9 - 1.1

€ 14,465 - 18,080

Joint tax*

Poland

-

Portugal

-

Spain

0.2 - 2.5

€ 167,129 - 10,695,300

Joint tax**

Sweden

1.5

€ 165,300 - 220,400

Joint tax*

Switzerland***

0.05 0.3

€ 85,500 - 1,794,500

Joint tax*

Turkey

-

United Kingdom

-

 Clegg calls for 'wealth tax'

Britain fell back into recession at the end of 2011 after climbing out of a deep downturn in late 2009.

United States

2% (proposed)

$15,000 and retirement funds (proposed)

2-4-8 Tax Blend (proposed)

Chile

India

Wealth tax collection increased by 14.56 percent

Pakistan

The Sindh government, it may be recalled, had asked the Centre at the time of budget preparations last year to revive Wealth Tax on assets of rich people

Phillippines

Ukraine

Does the wealth tax suggested by the government mean fulfillment of the IMF's requirements or is it just a way to get the next stand-by loan tranche?

See also

Yanukovych Favouring Introduction Of Wealth Tax