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  Which country has the best tax system in the world, and why?
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Author Topic: Which country has the best tax system in the world, and why?  (Read 444 times)
Blue3
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« on: January 01, 2019, 11:12:53 pm »

Which country has the best tax system in the world, and why?
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Secret Cavern Survivor
Antonio V
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« Reply #1 on: January 02, 2019, 06:27:45 am »

Denmark, maybe? I'd have to take a closer look.
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Santander
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« Reply #2 on: January 02, 2019, 09:19:43 am »

Dumb question.
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CrabCake
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« Reply #3 on: January 02, 2019, 10:57:52 am »

North Korea.
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Blue3
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« Reply #4 on: January 02, 2019, 09:15:49 pm »

Dumb question.
Why?
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brucejoel99
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« Reply #5 on: January 03, 2019, 12:37:26 am »

South Africa's is probably the best in regards to addressing the divide between wealthy & poor people, though not so much when it comes to spending on health, education, & social protection & implementing labor market policies to address inequality.

Otherwise, probably the UAE considering it, when compared to other countries, offers the unique combination of tax-free income not only for corporate entities which can do business inside & outside of the country as well as for individual taxpayers who reside in the county. Such tax system characteristics w/ zero index for the total tax for business & personal income is quite unique & thus can be considered as one of the very attractive ones in the world. Plus, the only tax applicable there is the VAT tax of 5% that applies to goods & services supplied in the UAE, meaning if you do international business over a UAE company, the VAT tax wouldn't be applicable. When considering the UAE tax system & structure from the point of other factors which define the efficiency, characteristics, & attractiveness of a tax system (not to mention it's ability to boost the economy), it'd also lead as well.
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Antonio V
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« Reply #6 on: January 04, 2019, 07:39:46 am »

Otherwise, probably the UAE considering it, when compared to other countries, offers the unique combination of tax-free income not only for corporate entities which can do business inside & outside of the country as well as for individual taxpayers who reside in the county. Such tax system characteristics w/ zero index for the total tax for business & personal income is quite unique & thus can be considered as one of the very attractive ones in the world. Plus, the only tax applicable there is the VAT tax of 5% that applies to goods & services supplied in the UAE, meaning if you do international business over a UAE company, the VAT tax wouldn't be applicable. When considering the UAE tax system & structure from the point of other factors which define the efficiency, characteristics, & attractiveness of a tax system (not to mention it's ability to boost the economy), it'd also lead as well.

In other words, it's a parasitic tax haven. How wonderful!! Smiley
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