Countries with no VAT or sales tax

Federal top marginal rate 37% for US tax residents plus state income tax (0% in states such as Texas, Florida, Wyoming, Nevada; up to ~13% in California). Non-residents are taxed only on US-source income. The US is the only major country that taxes citizens on worldwide income wherever they live (citizenship-based taxation); green-card holders are taxed as residents.

No personal income tax, capital gains, inheritance or wealth tax. Payroll tax and social contributions apply to employers and employees on local employment, and stamp duty applies to property transactions.

Salaries tax is progressive from 2% to 17% on net chargeable income but capped at a standard rate of 15% on the first HK$5m of net income and 16% above that. Only Hong Kong-sourced employment income is taxed. Property tax and profits tax apply to rental and business income.

No personal income tax, capital gains, inheritance or payroll taxes on residents. Revenue comes from import duties (typically 22%–27%), stamp duty on property (7.5%) and work permit fees.

No personal income tax or capital gains tax. Employees and employers pay payroll tax on remuneration (the main source of government revenue), and there is land tax and stamp duty.

Flat 20% income tax on taxable income after a personal allowance, with a tax cap for qualifying residents under the Higher Net Worth / Open Market regime.

A wage tax applies to individuals earning wages in the Marshall Islands: 8% on lower earnings and 12% above a threshold. There is no separate income tax on foreign-source income of non-resident entities, and no tax on overseas investment income for non-residents.

No personal income tax on salaries or investment income of individuals. Individuals with business, rental or professional income pay through the 10% corporate/partnership rules.

No personal income tax on salaries, dividends, interest or capital gains. Citizens and permanent residents pay to the Employees Trust Fund and Supplemental Contributory Pension schemes.

No personal income tax, capital gains tax or inheritance tax. Government revenue comes from import duties (about 30%), accommodation tax, a 10% government tax on restaurants and stamp duty on property (up to 10%).

No personal income tax, no social-security tax for expatriates, and no wealth or inheritance tax. Kuwaiti nationals contribute to the Public Institution for Social Security.

Individuals are assessed under the lower of two systems for 2025/26: the allowance system (14%, 17% then 39% above GBP 16,000 of taxable income after allowances) or the gross income system (6% to 28%, with a 25% rate on the remainder above assessable income). Only Gibraltar-source income is taxed.

Income tax follows the US federal code, so rates run from 10% to 37% on the same brackets, but bona fide residents file and pay to the USVI Bureau of Internal Revenue instead of the IRS (IRC §932). Owners of an EDA business who are bona fide residents can also receive the 90% reduction on their share of its income and on dividends it pays them.