Many years ago I wrote an article comparing tax rates on capital gains across countries. In this post, let us take a look at the Top Marginal Tax Rate on Capital Gains In OECD Countries for 2015.
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The US has the sixth highest rate among OECD countries. The US rate is 10% higher than the OECD average of 18.4%.
The table below shows the Top Marginal Tax Rate on Capital Gains in OECD countries for 2105:
| Top Marginal Tax Rate on Capital Gains, by OECD Country, 2015 | ||
|---|---|---|
| Rank | Country | Rate |
| 1 | Denmark | 42.00% |
| 2 | France | 34.40% |
| 3 | Finland | 33.00% |
| 3 | Ireland | 33.00% |
| 5 | Sweden | 30.00% |
| 6 | United States | 28.60% |
| 7 | Portugal | 28.00% |
| 7 | United Kingdom | 28.00% |
| 9 | Norway | 27.00% |
| 9 | Spain | 27.00% |
| 11 | Italy | 26.00% |
| 12 | Austria | 25.00% |
| 12 | Germany | 25.00% |
| 12 | Israel | 25.00% |
| 12 | Slovak Republic | 25.00% |
| 16 | Australia | 24.50% |
| 18 | Canada | 22.60% |
| 19 | Estonia | 21.00% |
| 20 | Japan | 20.30% |
| 21 | Chile | 20.00% |
| 21 | Iceland | 20.00% |
| 23 | Poland | 19.00% |
| 25 | Hungary | 16.00% |
| 26 | Greece | 15.00% |
| 27 | Mexico | 10.00% |
| 28 | Belgium | 0.00% |
| 28 | Czech Republic | 0.00% |
| 28 | Korea | 0.00% |
| 28 | Luxembourg | 0.00% |
| 28 | Netherlands | 0.00% |
| 28 | New Zealand | 0.00% |
| 28 | Slovenia | 0.00% |
| 28 | Switzerland | 0.00% |
| 28 | Turkey | 0.00% |
| OECD Simple Average | 18.40% | |
| OECD Weighted Average | 23.20% |
Data Source: Ernst and Young and Deloitte Tax Foundation Calculations.
Canada has a lower rate than the U.S.
Source: U.S. Taxpayers Face the 6th Highest Top Marginal Capital Gains Tax Rate in the OECD, Tax Foundation
