Anguilla Best Flat Tax Country for a Low Tax Lifestyle
Whilst there are various categories of flat tax, including marginal flat tax and Hall-Rabushka flat tax, in its simplest form flat tax is simply a rate of tax that remains consistent with a constant marginal rate.
What this means is, as an income tax payer in a country with such a system of flat tax, you can potentially significantly reduce your tax burden, and in so doing enjoy a low tax lifestyle.
There are a number of nations around the world that apply a flat tax to personal income tax – they include some which are perhaps more appealing from a pure lifestyle perspective such as Belize, Guernsey or Mauritius.
They also include some which perhaps offer a flat tax as an incentive for attracting expats.
These countries aren’t necessarily high up in terms of the lifestyle they offer, but the flat tax rate coupled with strong employment prospects in certain sectors can mean a massive financial boost for qualifying individuals. Examples include Saudi Arabia, Russia and Kazakhstan.
In this article we’re going to look at the country we feel has it all – a really low flat rate of personal income tax, an inimitable lifestyle, and a relatively favourable immigration policy1.
So where can you enjoy a low tax lifestyle, and a fantastic quality of life to boot?
Anguilla – the Flat Tax Country with the Best Lifestyle in the World.
Until 2011 Anguilla was actually income tax free, however, following growing economic pressures the government announced a flat 3% income tax rate as an “interim stabilisation levy,” which constitutes this stunningly beautiful Caribbean island country’s first form of income tax.
Anguilla is regarded as one of Britain’s offshore tax havens, as it’s a British overseas territory that levies no capital gains, estate or profit taxes on individuals or companies.
As it levies only a flat 3% income tax, it’s easy to see why this is Shelter Offshore’s current favourite flat tax country.
In terms of the lifestyle you can enjoy, it’s typical for the Caribbean in that it is laid back and outdoors centric. However, fortunately for expats, the island nation has pursued an approach of quality over quantity in terms of development, and so it remains a really unspoilt gem.
The inimitable climate and the fact it’s an English speaking island make it very popular with British expats, as does the immigration policy which favours those of good character who will benefit Anguilla.
