Countries With Zero Income Taxes

By Rajeshni Naidu-Ghelani

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  1. To paraphrase Benjamin Franklin: The only things certain in life are death and taxes. And sure enough, millions around the world file taxes every year. Personal income taxes are a huge source of rev
  2. United Arab Emirates The United Arab Emirates has one of the world's highest per-capita incomes, $48,200, and has no personal income or capital gains taxes. Instead of generating revenue from in
  3. Qatar Gas-rich Qatar became the world’s richest country this year with GDP per capita of more than $88,000, according to Forbes. Relying on its natural gas reserves — which are the world’s third lar
  4. Oman Like neighboring Middle Eastern countries, Oman derives the majority of its revenue from crude oil. The country’s oil revenues increased 35 percent in April to $8.49 billion compared to the sa
  5. Kuwait As the world’s sixth-largest oil exporter, Kuwait’s oil revenue of $63.5 billion between April and November of last year, accounted for 95 percent of the government’s total revenue in the peri
  6. Cayman Islands Well known as an offshore financial center, the Cayman Islands are a big draw for the wealthy with its zero personal income and capital gains taxes and because it has no mandatory socia
  7. Bahrain With no personal income tax, Bahrain relies on output from the Abu Safa oilfield, which is shared with Saudi Arabia, for about 70 percent of its budget revenue. For social security benefits,
  8. Bermuda Considered one of the world’s most affluent countries, Bermuda also has among the world
  9. The Bahamas Among the wealthiest Caribbean countries, the Bahamas features an economy that