Dubai the best place for tax

A short and (I think) slightly misleading article from The Times.
Whilst citizens might pay a 5% social security charge – something I didn’t know existed – residents pay no income tax or social security contributions at all.
That said, there are plenty of levies and other taxes around in Dubai. VAT’s not been implemented yet, but is apparently on the cards.
The article quotes the average Brit as paying around 29% ‘tax’ – I’ve read before that taking into account VAT, National Insurance, etc, the real figure is around 50% of income.

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One Response to “Dubai the best place for tax”

  1. weeble Says:

    Tax in Germany is around 50% as well if you include healthcare etc.

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