The 10 Countries With the Lowest Tax Rates in the World

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No. 1 Timor Leste

Timor-Leste-Beach

Timor Leste used to be a part of Indonesia, until its independence in 2002. The country has recently discovered oil and gas reserves offshore, which are helping with the development of its mainly agricultural economy. Total tax burden is 0.2%, only charging foreign companies’ activities in the country.

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