15 Tax-Friendly Countries for High-Net-Worth Individuals [Yahoo! Finance]
UOL GROUP LTD S/ADR (UOLGY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Millionaires' Wealth Most wealthy people are becoming highly mobile these days and many of them move to other countries to avoid insanely high tax brackets. High-net-worth individuals looking for tax-friendly countries also seek a supportive macroeconomic environment for their business activities. Some millionaires prefer to move to tax havens such as the Cayman Islands, Bahamas, Kuwait, and the United Arab Emirates. These are also some of the leading countries with the lowest income tax rates in the world . While, some high-net-worth millionaires prefer the standard of life, safety, and healthcare facilities that a country offers over tax savings. It all depends on the choices and the perspective of a wealthy person. For instance, Switzerland has the highest proportion of millionaires, closely followed by the United States. Despite the individual income tax rate being 40% in Switzerland and 37% in the US, a total of the world's 26.17% millionaires reside in these two countries joi
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