Total Tax Rate (Business and Personal)

North America Ranking

profitsSource: IMF
Current Rank
Country
Value
Latest Reading
Previous Rank
Previous Value
1Canada55.782019155.23
2United States51.892020252.32
3Nicaragua40.352019340.37
4Mexico37.352019437.7
5Panama32.782018630.8
6Guatemala32.72019533.38
7El Salvador28.172019727.33
8Honduras23.362015821.51
9Costa Rica17.152019916.49

Definition of Total Tax Rate (Business and Personal)

Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

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