Pre-tax income (EBT) is the remaining profit after deducting all expenses except taxes. Calculated by subtracting interest expense from operating income. Found on income statement after non-operating items
Turkey's GDP reached USD 13,106 per capita in 2023. Inflation in Turkey was 53.86% in 2023, compared to EU's 6.30%. Average monthly income per capita is USD 978, 69.2% lower than USA. Average income tax rate is 8.8%, total tax burden 23.8%
Switzerland leads with highest gross salary at 5725€, lowest tax at 17.9%. Ukraine has lowest gross salary at 230€, highest tax at 19.57%. Denmark has highest tax rate at 40.67%, Cyprus lowest at 6.80%
Gross price is the amount set by seller before taxes and deductions. Net price is the final amount customer pays after taxes and deductions. Net and gross prices can match only for VAT-exempt items
Global economic freedom score fell to 58.6, lowest since 2001. Only four countries scored 80+ (free), 22 "mostly free," 55 "moderately free". More than 50% of countries (95) scored below 60. Singapore remains world's freest economy, Switzerland second
Luxembourg's tax revenue reached 38.65% of GDP in 2017. Government collects taxes through various agencies under Finance Minister