Is it true that four of the richest countries in the world; Bahrain, Brunei, Kuwait and Qatar, with some of the highest personal income have no tax at all?

robraw

Countries with no personal income tax Andorra Bahamas Bahrain Bermuda Burundi Cayman Islands Kuwait Oman Qatar Saudi Arabia Somalia United Arab Emirates Uruguay Vanuatu http://en.wikipedia.org/wiki/Income_tax Aug 05 07, 7:43 AM

Ingold

"Bahrain has no taxes, whether individual or corporate tax. There are various services that you pay tariffs for, registration of a company, or a driver's license, but you will find these charges anywhere in the world. Other than that, there are no corporate or individual taxes. http://www.internationalspecialreports.com/middleeast/00/bahrain/4.html Brunei Darussalam has no personal income tax. There are no export, sales, payroll and manufacturing taxes. http://www.brunei-online.com/brunei/brunei.html In Kuwait there are personal income taxes, property, gift or inheritance taxes. http://www.kuwaitiah.net/business.html There is no personal taxation in Qatar. All corporate entities are subject to taxation, but in practice only foreign companies are taxed. http://e-fpo.fpo.go.th/e-fiscal/PWGuides/individualguides/DOCS/wcd00001/wcd001d2.htm Aug 05 07, 7:50 AM

author

Uruguay should not be in the list. http://www.ft.com/cms/s/d82c1f02-27fc-11dc-80da-000b5df10621.html Aug 07 07, 4:16 PM