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6 Countries with Low Tax Rates in the World

By SiliconIndia   |   Wednesday, July 23, 2014   |    6 Comments
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BANGALORE: Taxes are a crucial part of any country; government needs taxes to perform efficiently. Moreover, in terms of business it is profit oriented, and thus a business seeks for the least expenses, it is always better to have low tax rates.

Taxes play a major role in determining the country’s economy.  Want to explore the top 6 countries where tax rate is the lowest in the world?

#1. United Kingdom

Is a sovereign state located off the north-western coast of continental Europe and its capital city is London, which is an important global city with the second largest urban area in the European Union .

The United Kingdom is a developed country and has the world's sixth-largest economy by nominal GDP and eighth-largest by purchasing power parity and the world's first industrialized country. The corporate tax is 21percent and maximum individual tax is 45 percent.

#2. Spain

A sovereign state of the European Union, Spain is located on the Iberian Peninsula in southwestern Europe. Spain is a developed country with the 13th largest economy in the world. It is a member of the United Nations, NATO, OECD, and WTO.

Spain's capitalist mixed economy is the 14th largest worldwide and the 5th largest in the European Union. The corporate tax is 30 to 25percent and maximum individual tax is 52 percent.

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Reader's comments(6)
1: oh yes these are the lowest, if you see other countries they have more.
Posted by:Kavitha - 24 Jul, 2014
2: @ Prashanth These are the top countries with low tax rates and there are many more countries with lesser tax.
Posted by:Santhosh - 24 Jul, 2014
3: what about the nations which don't have any tax, like the middle east ?
Posted by:anton - 24 Jul, 2014
4: Article heading and content related to UK doesn't match. UK charging 45% tax for individuals, how is it considered as low?
Posted by:Prashanth - 23 Jul, 2014
5: Article heading and content related to UK doesn't match. UK charging 45% tax for individuals, how is it considered as low?
Posted by:Prashanth - 23 Jul, 2014
6:
Dot
I believe these are the top countries with low tax rates. And there are many more countries where the tax rates looks pretty high..
Ashok Replied to: - 24 Jul, 2014
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