Do we pay a lot of taxes in Latin America and the Caribbean? The answer depends on the country where taxes are paid. Which country in the region has the highest tax collection in relation to its GDP?

ANSWER

Brazil. Tax collection in the South American giant reached 32.6% in 2022, according to the United Nations University's World Institute for Development Economics Research. It was followed by Argentina, with 29.1%, and Jamaica, with 27.1%. The countries in the world with the highest tax collection are European, with Denmark (48%) and France (47.3%) leading the way. This is the ranking for Latin America and the Caribbean: