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European economies levy some of the world’s highest property purchase taxes on prime real estate - UHY's global study reveals

European economies levy some of the highest property purchase taxes in the world on prime real estate, charging on average 4%, or USD 38,356, in tax on a property purchase of USD 1 million, reveals a new study by UHY, a leading international accounting and consultancy network.

Top earners in Western Europe hit with bigger tax bills than their global peers

Eastern Europe and emerging economies offer most generous tax regimes for higher earners. Western European economies hit their highest earners with 25% more in tax than the global average, amounting to just over US$152,406 extra in tax on an income of US$1.5million, according to a new study by UHY, the international accountancy network.