20 countries with lowest tax rates!
 |
In the words of Oliver Wendell Holmes, US Supreme Court of Justice in 1904, "Taxes are what we pay for a civilized society."
Governments need sustainable funding for social programmes and public investments to promote economic growth and development.
Programmes providing health, education, infrastructure and other amenities are important to achieve a common goal of a prosperous, functional and orderly society.
Those programmes require governments to raise revenue.
Let us take a look at 20 countries with lowest tax rates, based on PricewaterhouseCoopers study.
NOTE: The total tax rate measures the burden of all the taxes that a company must pay in relation to its commercial profit. Thus all kinds of taxes that impose a cost on the firm are considered.
The overall ranking is a simple average of the percentile rankings of each of the sub-indicators.
Click NEXT to read more...
Image: Social programmes require governments to raise revenue.
Photographs: sowellians.wordpress.com
20 countries with lowest tax rates!
|
|
Timor-Leste
Total tax rate: 0.2 per cent
Profit tax: 0.0 per cent
Labour tax: 0.0 per cent
Other taxes: 0.2 per cent
Total tax rate rank: 1
Click NEXT to read more...
Image: Dili, Timor-Leste.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Vanuatu
Total tax rate: 8.4 per cent
Profit tax: 0.0 per cent
Labour tax: 4.5 per cent
Other taxes: 3.9 per cent
Total tax rate rank: 2
Click NEXT to read more...
Image: Port Vila, Vanuatu.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Maldives
Total tax rate: 9.3 per cent
Profit tax: 0.0 per cent
Labour tax: 0.0 per cent
Other taxes: 9.3 per cent
Total tax rate rank: 3
Click NEXT to read more...
Image: Male, Maldives.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Macedonia
Total tax rate: 9.7 per cent
Profit tax: 6.3 per cent
Labour tax: 0.0 per cent
Other taxes: 3.4 per cent
Total tax rate rank: 4
Click NEXT to read more...
Image: Skopje, Macedonia.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Namibia
Total tax rate: 9.8 per cent
Profit tax: 4.0 per cent
Labour tax: 1.0 per cent
Other taxes: 4.8 per cent
Total tax rate rank: 5
Click NEXT to read more...
Image: Windhoek, Namibia.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Qatar
Total tax rate: 11.3 per cent
Profit tax: 0.0 per cent
Labour tax: 11.3 per cent
Other taxes: 0.0 per cent
Total tax rate rank: 6
Click NEXT to read more...
Image: Doha, Qatar.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
The UAE
Total tax rate: 14.1 per cent
Profit tax: 0.0 per cent
Labour tax: 14.1 per cent
Other taxes: 0.0 per cent
Total tax rate rank: 7
Click NEXT to read more...
Image: Dubai, UAE.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Zambia
Total tax rate: 14.5 per cent
Profit tax: 1.5 per cent
Labour tax: 10.4 per cent
Other taxes: 2.6 per cent
Total tax rate rank: 8
Click NEXT to read more...
Image: Lusaka, Zambia.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Saudi Arabia
Total tax rate: 14.5 per cent
Profit tax: 2.1 per cent
Labour tax: 12.4 per cent
Other taxes: 0.0 per cent
Total tax rate rank: 9
Click NEXT to read more...
Image: Riyadh, Saudi Arabia.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Bahrain
Total tax rate: 15.0 per cent
Profit tax: 0.0 per cent
Labour tax: 14.6 per cent
Other taxes: 0.4 per cent
Total tax rate rank: 10
Click NEXT to read more...
Image: Manama, Bahrain.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Kosovo
Total tax rate: 15.4 per cent
Profit tax: 9.2 per cent
Labour tax: 5.6 per cent
Other taxes: 0.6 per cent
Total tax rate rank: 11
Click NEXT to read more...
Image: Pristina, Kosovo.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Kuwait
Total tax rate: 15.5 per cent
Profit tax: 4.8 per cent
Labour tax: 10.7 per cent
Other taxes: 0.0 per cent
Total tax rate rank: 12
Click NEXT to read more...
Image: Kuwait City, Kuwait.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Lesotho
Total tax rate: 16.0 per cent
Profit tax: 13.0 per cent
Labour tax: 0.0 per cent
Other taxes: 3.0 per cent
Total tax rate rank: 13
Click NEXT to read more...
Image: Maseru, Lesotho.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Georgia
Total tax rate: 16.5 per cent
Profit tax: 14.3 per cent
Labour tax: 0.0 per cent
Other taxes: 2.2 per cent
Total tax rate rank: 14
Click NEXT to read more...
Image: Tbilisi, Georgia.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
West Bank and Gaza
Total tax rate: 16.8 per cent
Profit tax: 16.2 per cent
Labour tax: 0.0 per cent
Other taxes: 0.6 per cent
Total tax rate rank: 15
Click NEXT to read more...
Image: Gaza City.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Brunei Darussalam
Total tax rate: 16.8 per cent
Profit tax: 8.3 per cent
Labour tax: 8.5 per cent
Other taxes: 0.0 per cent
Total tax rate rank: 16
Click NEXT to read more...
Image: Bandar Seri Begawan, Brunei Darussalam.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Samoa
Total tax rate: 18.9 per cent
Profit tax: 11.9 per cent
Labour tax: 7.0 per cent
Other taxes: 0.0 per cent
Total tax rate rank: 17
Click NEXT to read more...
Image: Apia, Samoa.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Botswana
Total tax rate: 19.4 per cent
Profit tax: 15.9 per cent
Labour tax: 0.0 per cent
Other taxes: 3.5 per cent
Total tax rate rank: 18
Click NEXT to read more...
Image: Gaborone, Botswana.
Photographs: Courtesy, Wikipedia Commons
20 countries with lowest tax rates!
|
|
Luxembourg
Total tax rate: 20.8 per cent
Profit tax: 4.1 per cent
Labour tax: 15.1 per cent
Other taxes: 1.6 per cent
Total tax rate rank: 19
Click NEXT to read more...
Image: Luxembourg, Luxembourg.
Photographs: Courtesy, Wikipedia Commons
this
Users
Comment
article