Which country island is tax free?

Cayman Islands The Cayman Islands is a popular tax haven. There is no income tax, capital gains tax, or corporation tax on individuals or companies. The government operates in a similar way to the Bahamas, where it will generate revenue through indirect taxes such as import duties, tourism taxes and work permit fees.



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Bermuda, Monaco, the Bahamas, and the United Arab Emirates (UAE) are four countries that do not have personal income taxes.

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LUXEMBOURG, Luxembourg, (AFP) – The European Union (EU) added Antigua and Barbuda, Belize and the Seychelles to its tax havens blacklist Tuesday, but the anti-poverty group Oxfam slammed the toothless list for not including countries like Britain and the United States.

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A country is considered a tax haven when it offers individuals and/or businesses little to no tax liability. Countries in the Caribbean are considered some of the world's most popular tax havens, including St Lucia.

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The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax; and a top rate of income tax of 20%.

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Who must pay taxes in Malta. Malta tax residents, and people and companies who earn profits in Malta are obliged to pay taxes in the country. The taxable base depends on an individual's or legal entity's tax status. Individuals pay taxes on a worldwide, remittance or territorial basis.

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