Discover How a Territorial Tax System Can Eliminate Your Taxes
9 months ago
2
Most large countries like the US, the UK, and Germany have global tax systems. That means that everything you earn in any country in the world is taxed. It can be mitigated by double taxation treaties, but your income will be taxed somewhere.
A Territorial tax system is different. Territorial tax countries will only tax what you earn in their national territory. Territorial tax countries include Hong Kong, Singapore, and Costa Rica. There are over 30 countries in the world that have territorial tax systems. In many cases, these countries can work every bit as well as tax havens for legal tax avoidance.
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