Slovakia has a 19% flat tax.
Ask HN: First world country with simple tax system?
11–12 of 12 posts
Re: Ask HN: First world country with simple tax system?
#12Earlier quoted context omitted.
Hong Kong tax calculator: http://www.ird.gov.hk/eng/ese/st_comp_2011_12_b/stcfrm.htm
Nice, thx. Looks pretty easy (not sure how complicated or detailled the verificion of the individual points would be, though).
In Hong Kong, it's basically 16% income tax. No sales tax. No capital gains tax. There's little you can deduct.
It's my understanding that most of the governments money comes from, what is essentially, property tax (I think technically you can't own land in hong kong and it's sorta rented out by the government, but I think the more I'm typing the further away from the truth I'm getting).