According to a study by the "Tax Foundation" on wages and taxation in Europe, it turns out that in 2022 a worker with an average salary in Europe was paying about a third of his income as an obligation to the state.
Not surprisingly, the tax burden across Europe varies significantly, with workers in Western Europe and more developed countries paying the most.On the other hand, Romania (10%), Bulgaria (10%), Bosnia and Herzegovina (10%), Kosovo (10%) and North Macedonia (10%) are the European countries with the lowest taxes, while Albania ranks (23%).
However, surprisingly, not all citizens are unhappy about higher taxes, including Denmark, where taxes can reach 55.9%.It is worth noting that Denmark was ranked the second happiest country in the world for the fourth year in a row, according to the World Happiness Report 2023.
This enables all segments of society, regardless of gender, socio-political or economic position, to benefit from the same opportunities, significantly reducing the economic and social burden.
These countries often offer cheaper labor and production costs, tax breaks and a wealth of untapped markets and opportunities.