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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.
The Bahamas is one of the countries where people do not have to pay income tax.
Bahrain is also included in this list, as it keeps its citizens tax-free.
People in Kenya do not pay income tax on their earnings.
In the United Arab Emirates (UAE), people do not have to pay income tax on their earnings.
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