Qatar tops tax friendly global list
TAX FRIENDLY: Qatar, with its capital city of Doha (pictured) was ranked the most tax friendly place in the world. (AFP)
Qatar, the UAE and Hong Kong have trumped other world economies to retain the friendliest tax climate, according to the 2009 Tax Misery & Reform Index.
The annual global ranking, compiled by Forbes Asia, surveyed 50 countries and assessed whether a jurisdiction’s tax policy attracted or repelled capital and talent by calculating its Misery score. The score is the sum of the corporate, personal, social security and sales tax rates.
Countries at the top of the index with high scores impose the harshest taxes, while the most tax friendly are at the bottom.
Qatar, with a Misery score of 12 points as it levies only corporate income tax, was the most tax friendly on the index.
http://www.arabianbusiness.com/551407-qatar-tops-tax-friendly-global-list
both hk and qatar, cities ive lived and worked in.
Eight of the 10 least tax-friendly countries on the list are European.
The three most tax-friendly economies in the index:
1. Qatar
2. UAE
3. Hong Kong
The three least tax-friendly economies in the index:
1. France
2. China
3. Belgium