What is the highest taxed country in the world?|The long-troubled West African country, , has the highest income tax rate in the world. People living there are giving away a whopping 60% of their income to the government.Ivory Coast
Could you please elaborate on the topic of the highest taxed country in the world? It seems intriguing that the long-troubled West African nation, Ivory Coast, possesses the steepest income tax rate globally. Could you explain how it reached such a significant figure, with residents surrendering a staggering 60% of their earnings to the government? What impact does this have on the economic situation and daily lives of the Ivory Coast citizens? Is there any attempt by the authorities to address this issue or are there discussions surrounding potential reforms? I'm curious to understand the intricacies of this unique taxation system and its consequences for the country.