French salaries taxed well above European average

Woman frightened by taxesReaders of Monaco Life will not be surprised to learn that French workers are the most taxed in Europe, although last year the honour fell to Belgium.

French salaries are taxed at 57.5 percent on average, compared to a European figure of 45.2 percent. Figures from the Molinari Institute show that average tax rates in the UK account for just 35.29 percent of income, while the figure for Germany is 52.36 percent. The lowest taxed nation in the EU is Cyprus, where the average rate is 23.85 percent.

The institute argues that high French taxes does not translate into direct improvements in the standard of living, since France is ranked only 22 out of 188 countries in the Human Development Index.