Which Country Has The Lowest Taxes

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Which Country Has The Lowest Taxes
Which Country Has The Lowest Taxes

Video: Which Country Has The Lowest Taxes

Video: Which Country Has The Lowest Taxes
Video: Top 10 Countries With 0 Income Tax 2024, November
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Taxes are different - on enterprises and organizations, on the income of individuals, etc. Even taxes on income of citizens in developed countries have a progressive rate: the higher the income, the higher the tax rate. Therefore, many people compare the tax burden in different countries at the maximum tax rate: rich people will still pay the maximum, and the poor will not flee taxes to another country.

Switzerland is the country with the lowest taxes
Switzerland is the country with the lowest taxes

Instructions

Step 1

Switzerland is traditionally the country with the lowest taxes. It is not for nothing that the richest people in the world receive the citizenship of this country, and Switzerland itself is inhabited by almost one billionaires. Low taxation is the official policy of the authorities seeking to attract wealthy people from all over the world to their country. This is understandable: it is better to collect low taxes from millionaires than high taxes from the poor. It is through this that Switzerland manages to combine a low tax burden with a high standard of living and excellent economic performance. The maximum income tax rate is 20%.

Step 2

The world economic leader - the USA - is also included in the list of countries with low taxes. The marginal rate in this country is 27%. The American tax system is improving every year, and following its example, many states are trying to build a similar tax policy. The United States has been and remains the most immigration-friendly country with a high standard of living, promising opportunities and, of course, low taxes. American workers are nominally the number one hourly wage in the world. But more than half of their salaries go to taxes, social security and union dues.

Step 3

In Canada, the rate is slightly higher - 31.2%, despite the fact that the Canadian tax system tends to copy the American one. Unlike the United States, Canada has a more highly developed, albeit more expensive, health care and social support system. Australia is close to Canada with 31.5%. The government of this country is pursuing a fairly effective policy to combat the crisis and unemployment, therefore, the international financial and economic problems in this country are not so acutely felt.

Step 4

The next place among the countries with the lowest taxes is occupied by the United Kingdom and Japan. Both countries have a marginal rate of 33%. The UK economy is experiencing its worst recession in 30 years. However, thanks to its own monetary system, the government is able to take action more timely than the rest of the European Union. Japan has the most powerful economy in the world, a low unemployment rate, but the ethnic isolation of the inhabitants of this country makes it difficult for foreigners to obtain citizenship and residence in this country.

Step 5

If we consider the countries of the so-called third world and countries with developing economies, then we can find countries with even lower taxes. Maldives - 9.3% per year, Macedonia - 9.7%, Qatar - 11.3% per year, United Arab Emirates - 14.1% per year, Saudi Arabia - 14.5% per year, Bahrain - 15%, Kuwait - 15.5%.

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