Countries With the Lowest Tax Rates

Businesses, however, are always on the lookout for profit. The less the expenses are, the higher the profit. And taxes are expense items that can dent the bottom line. So which countries are the friendliest in terms of tax rates? Which countries charge the least to a company in relation to the latter’s commercial profit? If these questions came to your mind, Insidermonkey made the list of The 10 Countries with the Lowest Tax Rates in the World to answer your question.

Seemingly everyone has an opinion about taxes. As one of the largest economic and political issues of any country, the subject of how high taxes are (and upon which segment of society they predominantly fall) can be counted on to engender heated debates among politicians, academics, and ordinary citizens. However, beneath all the heated rhetoric and opinions are hard facts and numbers. Certain tax rates in certain countries correlate with certain outcomes, regardless of whether these are acknowledged by various strains of financial opinion. Today, Business Pundit takes an honest look at twelve countries, six with the highest tax rates, and six with the lowest and examines other facets of those economies with an eye toward possible correlations

It is said that there are only two things in life that are certain. These are death and taxes. As much as we hate paying it, taxes are integral and crucial elements of society to run properly and for the bureaucracy to operate efficiently. It provides the money for public health, education, infrastructure and other things that a country needs. Some countries have a lower cost of living, with consistent living standards as well. Usually, cost of living indicators takes into account variables such as consumer index price as well as tax rates and rent indexes. For those interested in these countries, we have compiled a list of the 20 Countries with the Lowest Cost of Living in the World.