There are many countries without taxes..!?

 From the moment you wake up to the moment you go to bed, no matter what you use or buy or take goods and services, you have to pay tax. If this tax amount is a calculation or even if you get sick and go to the hospital and get tested, you have to pay tax. In our country, just before the annual budget is presented by the central government. Until some time after the budget is presented, there is a lot of discussion on the decision taken by the government on the annual tax for that year. Some people, when they pay taxes on everything, ask the straightforward question, "Why this income tax again?". When they hear their argument, they feel that it is true, right?

There are countries without income tax.. is it true? Many people are surprised. When you know about some countries that do not have income tax, you cannot help but think wow. When you pay heavy taxes on a daily basis is income tax necessary again? In the context of the questions, you should read the list of countries that do not have income tax. The list of countries with no annual income tax includes..

- Saudi Arabia
 - uae
- kuwait
- qatar
- Bahrain
 - Brunei
 - north korea
Along with these countries, there are some other countries in the South American continent. Namely,
- Cayman Islands
 - bermuda
- Bahamas
 - Anguilla
 - Saint Kitts and Nevis
- british Virgin Islands
- Turks and Caicos
 - Antigua and Barbuda
 - Saint Barthelemy

There are also some countries in Europe:
 - Vatican City
- monaco
- Watts and Putuna
 - Vanuatu
 - nauru

Another interesting fact is that.. many foreign countries provide permanent residency rights to those who invest in their countries.. to foreigners who buy wealth. Coming to the matter of bahrain, if you invest Rs.1.15 crore in real estate and Rs.2.30 crore in business, you will be given permanent residence. No matter how much you earn here, you will not have to pay income tax. Rehabilitation for those suffering from disabilities or long-term health problems is provided completely free of charge. No matter what the situation is with other countries that do not have income tax. But here we must mention the country. It is worth mentioning that, like hell, there is no income tax in north korea, which imposes extreme restrictions. It is noteworthy that not only income tax. All types of taxes were abolished in 1974. In any case, if the government wants it, citizens will have to provide services for free. If we leave out North Korea.. it is seen that many countries that do not collect income tax are putting a big burden on the welfare of their citizens. There are many such countries. Unlike these countries, we have to spend a lot of money on basic amenities like education and healthcare even after collecting taxes every day. What is the proof of this? The central and state governments need to think a little about the collection of other taxes, not just income taxes.
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Sowmiya Sriram

17/02/2025 12:27 PM