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While Singapore may have some low taxes, it doesn't really tell you the whole story.

owning a cars/road taxes are extremely expensive:

http://www.expatsingapore.com/content/view/1152

A friend of mine drives a company car there (because it costs so much to own). It cost the company $100,000 for a license and this was after getting picked in a lottery. There is also a government black box in the car that will track where you drive and determine your tax rate.

unless you are rich or are an employee of a big company, you pretty much don't drive there.

http://thehearttruths.com/2013/08/16/are-taxes-in-singapore-...

In reality, you are effectively paying a 60% income tax rate...although it looks like much less on paper.

Another article on living expenses in Singapore (from the same blog):

http://thehearttruths.com/2013/08/02/how-much-do-you-need-to...