tax-free countries 2023, Tax Free Countries: The government of these countries does not take tax of even 1 paise from the public! Then how is the income of these countries? – which are the countries where people do not have to pay tax know details

tax-free countries 2023, Tax Free Countries: The government of these countries does not take tax of even 1 paise from the public!  Then how is the income of these countries?  – which are the countries where people do not have to pay tax know details

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New Delhi: Be it any country, the government there definitely takes tax (Individual Income Tax) from the public. Tax is the main source of income of the government. Governments collect taxes from the public in two ways. One is Direct Tax and the other is Indirect Tax. The development works are carried out only from the taxes that the governments collect from the public. But you will be surprised to know that there are many countries where people do not have to pay even a single paisa tax (Tax Free Countries). Despite this, people in these countries get good facilities from the government and these countries are also progressing rapidly. After all, which are the countries which are not taking tax from the public. How do these countries earn? Let me tell you. Saudi Arabia, Qatar, United Arab Emirates (UAE), Oman, Bahrain, Kuwait, Bermuda etc. are countries where the public does not have to pay any tax, but even after this these countries are quite rich. There is no dearth of money here.

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How does the country run without taking taxes?

Countries where governments do not collect tax from the public, they earn in another way. Import duty is the first way of earning in these countries. In these countries, whatever goods come inside the country, more import tax is imposed here than in other countries. Due to the high import tax, all the products that come from outside in these countries become very expensive. Companies in these countries do not even have to pay corporate tax. In such a situation, tourism is supported a lot to earn this country. When tourists go back to these countries, they are also charged a return tax.

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Emphasis remains on self working model

In countries that do not take tax from their citizens, there is emphasis on self-working model. The government departments in these countries run their expenses from whatever income they earn. There is no role of the government in this.

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