tax country что это
Highest Taxed Countries 2021
As the old adage goes, only two things in life are certain: death and taxes. Taxes can be a financial burden, but paying taxes is important for several reasons. Taxes are used to fund all manner of publicly-funded services including the military, public education, infrastructure such as roads and parks, police and fire departments, and public retirement and health programs such as Social Security and Medicare in the United States. Simply put, taxes provide the funds that a country needs to survive.
No two national tax systems are alike
Taxes come in many forms, including sales tax, income tax, property tax, inheritance and estate taxes, excise tax, and more. Plus, tax rates and regulations vary greatly from country to country, and even within different parts of the same country.
For example, most U.S. states charge some form of income tax, but an individual state’s income tax rate may be anywhere from 1% to 13.3%. Moreover, seven states (Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming) do not collect any state income tax at all, and two more (New Hampshire and Tennessee) tax interest and dividend income, but not wages or salaries.
Similarly, most U.S. states charge a state sales tax, but some do not. However, states without a sales tax or an income tax may add or raise other taxes to make up for the deficit, such as implementing higher property tax rates.
For this article, we’ll compare three main types of taxes: personal income tax, corporate tax, and sales tax.
Barbados (5.5%), Uzbekistan (7.5%), Hungary (9.0%) and Montenegro (9.0%) have very low corporate rates—however, several countries, such as Vanuatu, Bermuda, and Bahrain have no corporate tax at all.
Finally, let’s look at sales tax rates. The highest rates are found in Bhutan, with rates up to 50%. Next is Hungary, which has a standard rate of 27%. In third place is a logjam of Croatia, Denmark, Norway, and Sweden, all with standard rates of 25%.
Tax Havens
Countries that offer very low tax rates for foreign investors are called tax havens. Tax havens generate government revenue by attracting a generous amount of capital inflow and imposing fees, charges, and low tax rates.
w.tax country
Смотреть что такое «w.tax country» в других словарях:
Tax haven — A tax haven is a place where certain taxes are levied at a low rate or not at all. Individuals and/or firms can find it attractive to move themselves to areas with lower tax rates. This creates a situation of tax competition among governments.… … Wikipedia
Tax avoidance and tax evasion — Tax avoidance is the legal utilization of the tax regime to one s own advantage, in order to reduce the amount of tax that is payable by means that are within the law. By contrast tax evasion is the general term for efforts to not pay taxes by… … Wikipedia
Tax exporting — occurs when a country (or other jurisdiction) encourages economic activity to move to another country (or jurisdiction) because its taxes are too high. This is more likely if the economic activity is more mobile.For example, land is not mobile,… … Wikipedia
tax exile — ˈtax ˌexile noun TAX 1. [countable] someone who lives abroad to avoid paying high taxes in their own country: • He lived for a time as a tax exile in Marbella. 2. [uncountable] when someone lives as a tax exile: • There were rumors that he was… … Financial and business terms
Tax equalization — very much relates to the arena of international assignments.It all starts when a company takes the decision of sending employees abroad from his headquarters homelocation and / or from any location / subsidiary to any other location /… … Wikipedia
Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… … Wikipedia
Tax Freedom Day — is the first day of the year in which a nation as a whole has theoretically earned enough income to fund its annual tax burden. It is annually calculated in the United States by the Tax Foundation mdash;a Washington, D.C. based tax research… … Wikipedia
Tax-free shopping — refers to the opportunity for customers to purchase goods or services without paying any tax normally collected at retail, such as sales tax, Goods and Services Tax, value added tax, or consumption tax.Tax free shopping in the United StatesTax… … Wikipedia
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 — Effective (Various dates for different provisions) Citations Public Law Public Law 111 312 Stat … Wikipedia
Tax shelter — Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws.In North… … Wikipedia
Tax farming — was originally a Roman practice whereby the burden of tax collection was reassigned by the Roman State to private individuals or groups. In essence, these individuals or groups paid the taxes for a certain area and for a certain period of time,… … Wikipedia
w.tax country
1 high-tax country
2 low-tax country
3 w.tax country
4 withholding tax country
5 low-tax country
6 low tax country
7 country
8 country
отдаленные от центра районы;
глушь beneficiary
страна, пользующаяся займом cereals-exporting
страна с активным платежным балансом country: country деревенский
деревня (в противоположность городу) ;
сельская местность;
in the country за городом;
в деревне;
на даче;
in the open country на лоне природы
жители страны, население
жюри присяжных заседателей
родина, отечество (тж. old country) ;
to leave the country уехать за границу
attr. сельский;
деревенский;
to appeal( или to go) to the country распустить парламент и назначить новые выборы
of departure страна отправления
of domicile страна постоянного проживания
of last residence страна последнего пребывания
of origin страна отправления
of origin страна происхождения
of provenance страна происхождения
of residence страна проживания
of residence for tax purposes страна пребывания для целей налогообложения
of source страна происхождения
of warehousing страна складирования
of warehousing страна хранения товара creditor
зарубежная страна grain-exporting
страна, экспортирующая зерно grain-growing
страна, производящая зерно grain-importing
страна, импортирующая зерно home
приглашающая страна host
страна пребывания host:
country страна-устроительница (конференций и т. п.) import
импортирующая страна importing
деревня (в противоположность городу) ;
сельская местность;
in the country за городом;
в деревне;
на даче;
in the open country на лоне природы
деревня (в противоположность городу) ;
сельская местность;
in the country за городом;
в деревне;
на даче;
in the open country на лоне природы industrialized
родина, отечество (тж. old country) ;
to leave the country уехать за границу less developed
развивающаяся страна low-inflation
страна с низкими темпами инфляции member
соседняя страна net exporting
страна нетто-экспортер newly industrialized countries (NIC) новые промышленно развитые страны newly industrising countries новые индустриальные страны non-EC
страна, не входящая в Европейское экономическое сообщество output losses in sending countries потери производства из-за выезда за границу рабочей силы (особенно квалифицированной) participating
страна, ведущая государственную торговлю country страна;
surplus
страна с активным платежным балансом third
развивающаяся страна up
9 country
to address the country — обращаться / выступать с обращением к стране
to admit smb into a country — разрешать кому-л. въезд в страну
to allow smb into the country — разрешать кому-л. въезд в страну
to bar smb’s entry into / smb from entering a country — запрещать кому-л. въезд в страну
to betray one’s country — предавать свою страну
to bring a country under one’s control — устанавливать контроль над страной
to control a country — контролировать положение в стране; управлять страной
to cut connections with a country — разрывать отношения / связи со страной
to distance oneself from a country — отмежевываться от какой-л. страны
to enter a country illegally / without permission / by the back door — нелегально въезжать в страну
to exhort smb to leave a country — призывать кого-л. покинуть страну
to lead a country — руководить / управлять страной
to leave a country altogether — выходить из состава страны; отделяться от страны
to move out of a country — выезжать из страны; покидать страну
to order smb out of / to order smb to leave the country — выдворять кого-л. из страны
to rule a country with an iron fist — править / управлять страной железной рукой
to scare smb into fleeing the country — запугать кого-л. и заставить его бежать из страны
to spill one’s blood for one’s country — проливать кровь за свою страну
to take over a country — брать на себя руководство / управление страной
to tighten one’s grip on the country — усиливать свою власть в стране
10 country
11 tax haven country
12 source
См. также в других словарях:
Tax haven — A tax haven is a place where certain taxes are levied at a low rate or not at all. Individuals and/or firms can find it attractive to move themselves to areas with lower tax rates. This creates a situation of tax competition among governments.… … Wikipedia
Tax avoidance and tax evasion — Tax avoidance is the legal utilization of the tax regime to one s own advantage, in order to reduce the amount of tax that is payable by means that are within the law. By contrast tax evasion is the general term for efforts to not pay taxes by… … Wikipedia
Tax exporting — occurs when a country (or other jurisdiction) encourages economic activity to move to another country (or jurisdiction) because its taxes are too high. This is more likely if the economic activity is more mobile.For example, land is not mobile,… … Wikipedia
tax exile — ˈtax ˌexile noun TAX 1. [countable] someone who lives abroad to avoid paying high taxes in their own country: • He lived for a time as a tax exile in Marbella. 2. [uncountable] when someone lives as a tax exile: • There were rumors that he was… … Financial and business terms
Tax equalization — very much relates to the arena of international assignments.It all starts when a company takes the decision of sending employees abroad from his headquarters homelocation and / or from any location / subsidiary to any other location /… … Wikipedia
Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… … Wikipedia
Tax Freedom Day — is the first day of the year in which a nation as a whole has theoretically earned enough income to fund its annual tax burden. It is annually calculated in the United States by the Tax Foundation mdash;a Washington, D.C. based tax research… … Wikipedia
Tax-free shopping — refers to the opportunity for customers to purchase goods or services without paying any tax normally collected at retail, such as sales tax, Goods and Services Tax, value added tax, or consumption tax.Tax free shopping in the United StatesTax… … Wikipedia
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 — Effective (Various dates for different provisions) Citations Public Law Public Law 111 312 Stat … Wikipedia
Tax shelter — Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws.In North… … Wikipedia
Tax farming — was originally a Roman practice whereby the burden of tax collection was reassigned by the Roman State to private individuals or groups. In essence, these individuals or groups paid the taxes for a certain area and for a certain period of time,… … Wikipedia
Tax-Free Countries 2021
Income tax is a tax levied by the government on income generated by individuals and businesses in their jurisdiction. Income can include wages, salaries, winnings from lottery prizes, interest on savings bonds, and so on. In the United States, both the federal and state governments levy an income tax, although some states do not collect state income tax.
Most countries have a progressive income tax system where those who earn higher incomes pay a higher rate of income taxes. Every year, citizens file and income tax return to determine their tax obligations.
In most countries, tax revenues account for about 80% of all government revenues for about half of the world’s countries. Revenue generated from income tax is used to pay government obligations and fund public services.
While the majority of countries have an income tax, several countries do not have an income tax. Many people look to these countries to establish residency and live tax-free.
The Bahamas
The Bahamas does not impose income tax on its residents, regardless of where they earn their income. The government receives most of its revenue from its tourism and offshore industries.
Bahrain
Brunei
Brunei does not have an income tax, however, Brunei is not necessarily a hub for economic freedom. Permanent residency and citizenship are out of the question for those looking to establish themselves in a tax-free country, as you would need to gain the approval of the Sultan.
Cayman Islands
Kuwait
Kuwait’s large oil industry allows its residents to not pay income taxes. Permanent residency in Kuwait is generally difficult because it typically requires that individuals have a relative in the country or former employment.
Maldives
The Maldives has a strong tourism industry that gives the island country little reason to levy an income tax on its people. Establishing citizenship or permanent residency is essentially impossible since the country doesn’t have a program for foreigners to become permanent residents. If it did, one would need to be a Sunni Muslim.
Monaco
Monaco is one of the easier tax-free countries to establish citizenship in. Those looking to become residents will typically need to spend several million dollars. Because the zero income tax tends to attract very wealthy people, Monaco is likely to remain tax-free for the foreseeable future.
Nauru
While Nauru does not have any income tax, it is not a good destination for those looking to live tax-free. Nauru’s economy is struggling and being tax-free is the country’s government’s last effort to keep its economy afloat.
Like other tax-free countries in the Middle East, Oman’s government has no need to levy income tax on its residents because of its oil and gas industry. Expats looking to move to Oman would usually need a job or family living there to do so easily.
Qatar
Similar to its Persian Gulf neighbors, Qatar does not levy an income tax thanks to the wealth it accumulates from its oil industry. Qatar has a diverse and modern economy and is relatively peaceful, making it a great location for those looking to avoid taxes; however, it is still difficult to establish residency.
Saint Kitts and Nevis
Somalia
Although Somalia does not have income taxes, it is not recommended that one tries to live here for tax-free purposes. Somalia is a dangerous nation burdened by civil war and terrorism, as well as political instability.
United Arab Emirates
With a very strong and free economy provided by a wealthy oil industry, the United Arab Emirates does not levy an income tax on its residents. Unlike other Gulf countries, establishing residency is a little easier in the UAE through visa policies.
Vanuatu
Vanuatu, like other island nations, relies on tourism to fund its government, allowing its citizens to enjoy no income tax. It is generally easy and relatively less expensive to get a passport and residency in Vanuatu, as its citizenship by investment program is one of the easiest in the world.
Western Sahara
Western Sahara is also an income tax-free country, however, it a disputed territory. Western Sahara does not have income from natural resources or a tourist industry, and its territorial disputes are likely the reason that they do not levy a tax.
Countries With No Taxes: Finding the Best Places with Zero Income Taxation
You’re definitely not the only one who is tired of having a substantial chunk of your hard-earned income vanish due to exorbitant taxes. It’s no secret that many developed Western nations such as the United States, Canada, Australia as well as many European countries, levy massive income taxes on their high-earning citizens.
There is a growing trend in recent years of people looking abroad for tax advantages thankfully in large part due to the spread of information and the reduction of barriers. There are a number of options that exist depending upon the circumstances and the type of assets involved including everything from moving to tax-free countries to redomicile or restructure business operations and investment portfolios.
Through proper planning and asset structuring, it is usually possible to reduce and in some cases completely eliminate tax burden. One of the best ways, though maybe not the easiest is to become a tax-resident of a country that has no income taxes.
This article will explain whether it is possible to relocate to a tax-free country, the issues that may come up along the way, and our list of some of the best countries in the world that have no income tax.
Is It Really Possible to Pay No Tax?
For those who have grown accustomed to high taxes, it may seem like a distant reality to imagine countries where one can live entirely tax-free.
You may wonder how these countries generate enough revenue to survive without levying tax on their citizens?
Many low/no tax countries generate governmental revenue via other sources. This can differ depending on the country. For example, many of the Gulf countries don’t charge income tax because they generate huge amounts of revenue from their public oil industries. Then there are beautiful island nations like Bahamas and Belize where tourism and offshore financial services account for much of their tax revenue and GDP.
A large portion of revenue coming from no tax and low tax countries come from offshore financial sectors. Meaning they offer attractive tax breaks for businesses and individuals if they incorporate and set up their business. Places like St. Kitts & Nevis as well as Vanuatu and Cayman Islands are a few of such places. These countries are able to attract huge amounts of foreign investment because they have tax-friendly legislation without needing to charge direct income taxes.
So, it is clear that there are indeed countries with no taxes, but the next question is whether it is possible to actually become a resident of these countries so as to eliminate the need to pay taxes. The short answer is, yes!
It is definitely possible. However, it is not necessarily easy, and may take substantial time, determination, and in many cases, sizeable wealth. We will discuss these issues in more detail later on.
What is the Difference Between Low Tax and No Tax Countries?
The difference between tax-free and low-tax countries is that tax-free countries have no income tax whatsoever which often includes no taxation of other forms such as capital gains, withholding tax, corporate tax. There are currently 23 countries in the world that fit this description.
Whereas countries with low taxes have a marginal tax rate that usually is under 10%. Low-tax countries may be a good alternative as they often have a better reputation for banking and incoporation.
Low Tax Countries
Countries with territorial tax systems tax residents on income generated only inside the country while foreign-earned income is tax-exempt.
For example, if you are a digital nomad, run an online business or are a global investor with income that is made globally, becoming a resident of a country with a territorial tax system would ultimately achieve the same goal as living in a tax-free country.
In many cases countries with low-tax and/or territorial tax systems make it easier for foreigners to acquire residency than tax-free countries. This is largely to do with the nature of the economy of tax-free countries that have specific financial regulations in place that favour certain industries.
It is beyond the scope of this article as we will focus on tax-free countries, but it is definitely worth considering low-tax countries as a good alternative option.
Best Tax Free Countries
Now just because you decide to move to a country with no income taxes doesn’t mean that you are tax free. In order to completely eliminate your income taxes obligations, you need to establish tax residency which means having your domicile moved. This is done by becoming a permanent residency, usually done through applying for the appropriate visas and living in the country for more than 183 days a year.
However, if you are American, you don’t get away that easy, you are still obligated to pay your taxes on all worldwide income no matter where you live. Though you are able to deduct upwards of 120,000 of income through Foriegn Earned Income Exclusion. Meaning that you likely will not have to pay any income tax on any money that is made overseas up to 120,000. Anything over that and you are liable.
The only way to become completely tax free if you are an American is to renouce your U.S citizenship. Individuals holding other passports around the world, thankfully do not fall under the same brutal tax regime and are free from needing to pay any income tax if they change tax residency.
There are over 20 countries that do not have income tax; however, most of these are either difficult to establish residency in, or are countries that few people would want to live in to begin with. We have therefore narrowed down our list to the top 6 countries with no income tax, according to factors such as the quality of life, cost of living, and the ease of acquiring residency.
Tax Haven Countries that have Zero Taxes
1. United Arab Emirates
The UAE is one of a few Gulf states with no income tax (others include Kuwait, Oman, and Qatar), thanks mostly to the income generated from their oil exports. In addition, the UAE does not levy any withholding tax or corporate income tax (for most types of business), and there are no foreign exchange controls.
What really sets the UAE apart from its neighbors is that it is one of the easiest Gulf states to live and work in. Known to be up there with the freest economies in the world, the UAE is welcoming to foreign investment and expats who wish to relocate and take advantage of their many high-paying employment opportunities.
Recently, the UAE has started issuing 10-year residence visas to foreigners which are quite easy to acquire. It is a highly liveable and functional place to live, and so one of the better tax-free countries to set your sights on.
2. St. Kitts and Nevis
The full list of countries with no income tax is, quite unsurprisingly, dominated by the Caribbean tax havens. And probably the number one choice which allows you to easily establish residency and/or citizenship is the island nation of St Kitts & Nevis.
Like the other countries on this list, St. Kitts & Nevis has no income tax at all, nor just about any taxes of any kind for that matter. They receive most of their revenue from tourism and, you guessed it, their offshore financial industry.
This could be a relatively small price to pay for wealthy individuals looking to acquire second citizenship somewhere which will provide major tax relief, a strong second passport, and not to mention a new home in one of the more beautiful and charming Caribbean islands.
3. Cayman Islands
Cayman Islands is another Caribbean island nation with no tax. Similar to St Kitts & Nevis, they make plenty of revenue through their tourism and offshore finance sectors.
Cayman Islands is one of the more “upper market” Caribbean nations. The living costs are on the higher end, and you will need to invest a substantial amount in order to maintain long-term residency. However, this might be a worthwhile option for wealthier investors who would prefer to stay somewhere which offers a first-class lifestyle in a developed nation.
4. Bahamas
The Bahamas is our third tax-free Caribbean paradise on this list. It is one of the most popular tourist destinations in the world, so as you can imagine it is also a pretty great place to live!
The Bahamas also doesn’t have a citizenship by investment program to speak of as of yet. The substantial amount of money you will need to maintain permanent residency could be worth it for those wanting to escape to one of the world’s favourite beach paradises and tax havens.
5. Vanuatu
The only potential downside to Vanuatu is that it quite isolated and “off-the-grid” so to speak. Travelling there frequently could be a bit of hassle. However, it is certainly a worthwhile option for those needing to acquire a reasonably affordable second citizenship quickly so as to eliminate their tax bill.
6. Monaco
The only European nation on this list, Monaco has become world-renowned as one of the best tax-free states for the mega-wealthy to move to.
Monaco is a beautiful and wealthy city-state located on the Mediterranean Coast on the French Riviera. It is also one of a handful of countries which charges its residents and citizens zero tax whatsoever.
Acquiring residence and/or citizenship in Monaco is relatively simple, but extremely costly. You will need at least a few million dollars in order to prove sufficient wealth to acquire permanent residence.
If Monaco sounds like the ideal place for you, you will be joining an elite group of wealthy expats living a tax-free life of luxury.
Moving to a Country with Low Tax Alternative
The idea of moving to a country with no income tax is naturally appealing. However, for many it might not be practically feasible to relocate to one of the countries with no income tax. Most of these countries make it difficult to establish permanent tax residence, and even more challenging to become a full citizen.
This is why it is certainly worth also considering low-tax countries and countries with friendly territorial tax systems in your search for the right tax-free second residence. Many of these territorial tax countries make it much easier for foreigners to acquire residence, and it will also increase your range of choices.
Some of the best options in this category include Hong Kong, Singapore, Malaysia, and Panama. Malaysia and Panama both have particularly easy residence requirements. Panama has the added advantage of minimal physical presence requirements, meaning you don’t actually have to live in Panama for more than half the year to maintain your residency (as is the case with most other countries).
If you are a digital nomad or international entrepreneur then becoming a tax resident of a country with a territorial tax system can effectively offer the same benefits as a country without any income taxes.