Which country has the best tax system in the world, and why?

[Blue3]

Which country has the best tax system in the world, and why?

[Antonio the Sixth]

Denmark, maybe? I'd have to take a closer look.

[Santander]

Dumb question.

[🦀🎂🦀🎂]

North Korea.

[Blue3]

Dumb question.

Why?

[brucejoel99]

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.

[Antonio the Sixth]

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!!