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US tax time: A later deadline and other tax facts

Thanks to a holiday in Washington, D.C., the federal tax-filing deadline this year is April 17, two days later than usual. The extra time provides an opportunity to peruse some random tax-related facts.

4. World's lowest tax rates

  • By Ross Atkin Staff

(based on public revenue from taxes as a percentage of gross domestic product):

1. Mexico – 17.5 percent

2. Chile – 18.2 percent

3. United States – 24.0 percent

4. Turkey – 24.6 percent

5. South Korea – 25.6 percent

6. Ireland – 27.8 percent

7. Slovak Republic – 29.3 percent

8. Greece – 29.4 percent

9. Switzerland – 30.3 percent

10. Spain – 30.7 percent

Source: Organization for Economic Cooperation and Development and World Bank

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