The Royal Standard of Scotland, also known as the Banner of the King of Scots or more commonly the Lion Rampant of Scotland, is the Scottish Royal Banner of Arms.
In Denmark are local tax and state tax. The tax rate is from 0 % to 59 %. The state tax rate is from 5.48 % to 15 %. Municipal income tax is levied on taxable income and varies according to the municipality, between 20.14 % and 26.71 %. In Copenhagen, the countryâs capital, the municipal tax rate is 24 %.
Because of this, you would think that the country with the highest tax rate in the world would have the most miserable people, right? It turns out that Denmark has the highest tax rate in the world with a 48.9% tax-to-GDP ratio. In comparison, Indiaâs tax-to-GDP ratio is 10.6% , Japanâs is 27.4%, and the United States is 28.2%. But there is something else that Denmark is known for: being the happiest country in the world.