Heavily indebted poor countries (HIPC) vs Iceland: Taxes on income, profits and capital gains
Taxes on income, profits and capital gains over time
- Heavily indebted poor countries (HIPC)
- Iceland
How they compare
Iceland currently reports 34.6% against 24.3% in Heavily indebted poor countries (HIPC), a difference of 10.3%.
That makes Iceland's figure about 1.4 times Heavily indebted poor countries (HIPC)'s.
The two have swapped places 2 times across 11 shared years of data; in 2010 it was Iceland ahead.
Heavily indebted poor countries (HIPC) ranks 31st and Iceland ranks 32nd of 41 groups.
Iceland has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Heavily indebted poor countries (HIPC) | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 22.0% | 26.7% | 4.7% | Iceland |
| 2020s | 24.3% | 32.1% | 7.8% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Heavily indebted poor countries (HIPC) or Iceland?
- Iceland, at 34.6% against 24.3% in Heavily indebted poor countries (HIPC) as of 2023.
- What is the difference in taxes on income, profits and capital gains between Heavily indebted poor countries (HIPC) and Iceland?
- 10.3%, with Iceland ahead.
- How many years of comparable data are there for Heavily indebted poor countries (HIPC) and Iceland?
- 11 years are reported by both, from 2010 to 2021.
- How do Heavily indebted poor countries (HIPC) and Iceland rank globally for taxes on income, profits and capital gains?
- Heavily indebted poor countries (HIPC) ranks 31st and Iceland ranks 32nd of 41 groups.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.