Baklol

Countries With No Income Tax

Saturday, Aug 15, 2020, 6:12 pm

#5 Bermuda

Bermuda is the perfect place to escape work and income taxes. The country is hailed as one of the richest in the world. Bermuda has no income taxes, but it is also one of the places in the world with the highest costs of living. Workers may be asked by employers to pay about half of a 14 percent payroll tax that the employer has to pay to the government on the first $750,000 of an employee's income. Bermuda is a nice place to visit, but that last sentence does not make you want to live there.