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Don`t Want To Pay Income Tax? Shift To These Places And Forget Your Tax Worries
Income tax is a tax imposed by governments on the income earned by individuals and businesses. It is based on a person's or entity's earnings, including wages, salaries, profits, and investments. But did you know that there are some countries around the world where you don’t have to pay any income tax?
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The tax rate can vary depending on the country, with many employing a progressive tax system where higher earners pay a larger percentage. Bermuda is one of the rare countries where citizens do not have to pay income tax.
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The Bahamas is one of the countries where people do not have to pay income tax.
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Bahrain is also included in this list, as it keeps its citizens tax-free.
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People in Kenya do not pay income tax on their earnings.
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In the United Arab Emirates (UAE), people do not have to pay income tax on their earnings.