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by _nedR 4120 days ago
>>Money and low taxes

More like no taxes. From what i heard, they have no sales tax, or income tax (including companies). And a flat 5% duty on all duty (with that even exempted on certain goods such as computers).

1 comments

I thought expats(American) were required to pay U.S. taxes?

https://americansabroad.org/issues/taxation/us-taxes-while-l...

They are required to file US taxes. Between the $100,000 foreign income exclusion and the foreign tax credit, many will not owe any tax.

http://www.irs.gov/Individuals/International-Taxpayers/Forei...

http://www.irs.gov/Individuals/International-Taxpayers/What-...

There is no tax credit if there is no tax in the country you are in.