The Bahamas
This country is the most popular destination for tourists. Government of this nation doesn’t impose any type of tax on the individuals, as the main source of income and economic growth of the nation is tourism itself. The country attained its independence in 1973 from the British Empire.
The more you make money, the more you will be treated well by the immigration officers. For a good living one has to spend a sustainable amount of money, with no tax imposition. The Bahamas is now also an important member of the Commonwealth.
- This place is considered as the best tourism destination, as the place has a very beautiful scenery and has a very calm environment which attracts people the most.
- If a person is willing to live in the country it is very easy to take a temporary residence.
- The capital of the Bahamas is Nassau and here people use Bahamian and English as their language.
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Top 10 Tax Free Countries in the World
Taxation schemes play a vital role in raising the funds of a particular country. These funds are necessary for the government to function. Some countries impose a 0% tax policy collection of tax while others have implemented a 50% tax on the citizens. The tax burden on Denmark is 46.34% which is considered as the top country with this much of tax burden and the second is France with a tax burden of 45.4%.
This article will provide a list of ten tax-free countries in the world.