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Global Development: Part II Europe
The United Kingdom
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The United Kingdom's GDP is $1.5 trillion and its per capita income is $22,955. It has a population of 58.93 million. The top income tax rate in the country of 59 million people is 40% (average: 23%). The top corporate tax rate is 31%, the capital gains tax, 17.5%, and the value-added tax, 17.5%. The inflation rate is 3.5% and the exchange rate is 0.61 pounds=$1.00. The United Kingdom's total passenger car fleet is 26.3 million and new car registrations are 2.3 million.
Country profiles were provided by Raymond Champagne
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