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Articles on the world economy:
Micronesia: Income, profits, and capital gains taxes: percent of revenue: For that indicator, The World Bank provides data for Micronesia from 2008 to 2016. The average value for Micronesia during that period was 8.52 percent with a minumum of 3.93 percent in 2009 and a maximum of 27.79 percent in 2014. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.