10 Countries with No Income Taxes

Australia is a high taxing country and has a corporate tax rate of 27.5% or 30%, and marginal tax rates for individuals as high as 47%. In contrast, the 10 countries listed below have no income taxes:

1. Bermuda
2. United Arab Emirates
3. Bahrain
4. Monaco
5. Qatar
6. Saudi Arabia
7. Kuwait
8. Cayman Islands
9. The Bahamas
10. Andorra