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10 Countries With the Lowest Tax Rates

/ May 27, 2015

2) Vanuatu (8.4 %)

The four mainstays of Vanuatu’s economy are tourism, agriculture, offshore financial services and raising cattle. Total tax burden in this nation is 8.4 percent, which includes a labor tax (4.5 percent) and other taxes (3.9 percent).

Port-Vila-Capital-Vanuatu

1) Timor Leste (0.2 %)

Timor Leste has a market economy. It earns revenue from offshore oil and gas reserves. Around 50 percent of the population of this country lives in extreme poverty. The total tax burden in Timor Leste is just 0.2 percent. The nation charges foreign companies’ activities.

Dili-Timor-Leste

The above-mentioned list compares how much nations charge companies, in relation to their profit.