5 Countries With The Lowest Corporate Tax Rates

In this article we are going to list the 5 Countries With The Lowest Corporate Tax Rates. For a detailed coverage of this topic and a more comprehensive look please head on over to the 15 Countries With The Lowest Corporate Tax Rates.

5. Cayman Islands

Average corporate tax rate in the country over the past 10 years (2011 to 2020): 0%

Since no direct tax is levied in the Cayman Islands, the area is extremely popular for companies looking to avoid tax, and companies such as BNP and Bank of America (NYSE:BAC) have operations there.

4. Bermuda

Average corporate tax rate in the country over the past 10 years (2011 to 2020): 0%

Bermuda is an excellent destination for tourism, but also has no corporate tax rate, which is why Google transferred $10 billion from revenues to the country, resulting in tax savings of approximately $2 billion, according to a report by Bloomberg.

Pixabay/Public Domain

3. Bahrain

Average corporate tax rate in the country over the past 10 years (2011 to 2020): 0%

The wealthy Middle Eastern company has a population of more than 1.5 million people and has developed significantly thanks to its vast oil reserves.

Copyright: eugenesergeev / 123RF Stock Photo

2. Bahamas

Average corporate tax rate in the country over the past 10 years (2011 to 2020): 0%

Bahamas is one of the most beautiful destinations in the world, but is also an extremely popular tax haven, and has close to 400,000 people residing in the country. Offshore international financial services are one of the biggest contributors to the country, contributing at least 15% of GDP. There is no income tax, wealth tax or capital gains tax in the country.

Capricorn Studio/Shutterstock.com

1. Anguilla

Average corporate tax rate in the country over the past 10 years (2011 to 2020): 0%

Topping the list of the companies with the biggest corporate tax rates is Anguilla, which is a Caribbean island and a British overseas territory. The island has less than 15,000 people and in addition to not having a corporate tax rate, also doesn’t have any tax on real estate, capital gains, or tax on sales.

See also: 14 states that don’t tax pensions AND social security and 25 States That get more in federal payments than taxes paid