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Which Country has the Lowest Taxes?

There is significant variation in the type and amount of taxes that residents of developed countries must pay, even within the member nations of the Organization for Economic Cooperation and Development (OECD).

History of Taxation

The basic principles of taxation are nearly as old as human society—the history of taxes stretches thousands of years into the past. Taxation evolved significantly as empires expanded and civilizations become more structured.

Personal Tax Rates by Country

Personal income tax is one of the oldest forms of taxation. Practically every national and provincial government levies taxes on the income of citizens and businesses that generate money within its borders.

Corporate Tax Rates by Country

Taxation on corporate profits is a primary source of federal income for many developed and developing countries, although there is significant variation in the type and amount of corporate taxation.

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