The 10 Countries With the Lowest Tax Rates in the World

No. 7 United Arab Emirates

Arab countries tend to have a fluent economy given the amount of oil reserves they hold, and the level of exports they carry out through this main product. The United Arab Emirates is no exception to the rule. It holds the seventh largest reserves of oil in the world, and has the 17^th largest resource of natural gas. It is a highly developed country, with a dynamic economy. Yet it has a fair total tax rate of 14.1%, which is composed solely of labor tax, as no profit or other taxes are charged.