How do countries that don’t charge income tax eg Monaco, Cayman Islands pay for things that tax pays for in other countries eg roads, bridges, military, government buildings, etc

Question

How do countries that don’t charge income tax eg Monaco, Cayman Islands pay for things that tax pays for in other countries eg roads, bridges, military, government buildings, etc

In: 5

Answer 1

1) Income taxes isn’t the only tax. There’s sales tax, business tax, property tax, etc that can ask be sources of revenue.

2) If you keep your government relatively small, which is what most of these female countries do, there’s not much need for massive 30+% tax rates on everything.