July 24, 2024
SAURAV PANDEY
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This Caribbean island nation is a well-known tax haven, meaning it doesn't levy income taxes on residents. This attracts many wealthy individuals and businesses seeking to shelter their earnings.
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This small island territory does not impose an income tax but rather assesses a payroll tax on employers per the Payroll Tax Act of 1995
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This tiny city-state eliminates income taxes for most residents. This policy contributes to its status as a playground for the rich, attracting high-net-worth individuals.
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This British overseas territory operates as a major financial center and tax haven. Income tax for residents is non-existent, making it a hub for businesses and individuals seeking to minimize their tax burden.
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This oil-rich nation offers its citizens the benefit of a no-income tax policy. This is due in part to its substantial oil revenue.
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The UAE, a federation of emirates, follows a no-income tax policy for its citizens. Dubai, a prominent emirate, leverages this advantage to attract businesses and high-income individuals.
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This island nation boasts a no-income tax policy for its citizens. This contributes to its status as a prosperous economy within the region.
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This island nation in Micronesia does not have an income tax. However, it's important to note that Nauru faces economic challenges and has other taxes in place.