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.
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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
...
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
...
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
...
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
...
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
...
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
...
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
...
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
...
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
...
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
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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
...
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
...
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
...
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
...
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
...
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
...
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
...
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
...
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
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Oman
Total tax rate: 22.0 per cent
Profit tax: 10.1 per cent
Labour tax: 11.8 per cent
Other taxes: 0.1 per cent
Total tax rate rank: 20
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