Find the standard deviation of the VAT taxes from Table 4.3.2 in Chapter 4. What does this
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Find the standard deviation of the VAT taxes from Table 4.3.2 in Chapter 4. What does this tell you about international taxation practices from one country to another?
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TABLE 4.3.2 ValueAdded Tax Rates by Country Standard VAT Rate (%) Country Australia 10.0 Austria 20.0 Belarus 20.0 Belgium 21.0 Canada 7.0 Czech Republic 22.0 Denmark 25.0 Estonia 18.0 Finland 22.0 France 19.6 Georgia 20.0 Germany 16.0 Greece 18.0 Hungary 25.0 Iceland 24.5 Ireland 21.0 Italy 20.0 Japan 5.0 Kazakhstan 15.0 Korea 10.0 Kyrgyzstan 20.0 Latvia 18.0 Lithuania 18.0 Luxembourg 15.0 Netherlands 19.0 New Zealand 12.5 Norway 24.0 Poland 22.0 Portugal 19.0 Russia 20.0 Slovakia 23.0 Spain 16.0 Sweden 25.0 Switzerland 7.5 Turkey 17.0 Ukraine 20.0 United Kingdom 17.5 Source: Data from World Taxpayers Associations, accessed at http://www.worldtaxpayers.org/stat_vat.htm on July 5, 2010.
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