Baklol

Countries With No Income Tax

Saturday, Aug 15, 2020, 6:12 pm

#7 Kuwait

Kuwait holds the title for having the world's sixth-largest oil reserves. The country's petroleum accounts for almost half of its GDP. Kuwait has no income tax but employees do have to pay for social security benefits out of their salary. In 2012, Kuwait was forced to increase wages by 25 percent after an abundance of strikes and protests by public sector workers, who were unhappy with their wages,took place.