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15 Countries With Lowest Total Tax Rates: 15. Canada (Total Tax Rate - 21%) This is one of the few large, advanced economies that makes it into the upper ranks. The Canadian province Manitoba has a 0% corporation tax rate for small businesses. 14. Namibia (Total Tax Rate - 20.7%) Namibia is one of only two African countries that make it onto the list. GDP $13.11 billion (2013), GDP Per Capita $5693 (2013), Population 2.303 million (2013), Life Expectancy 63.88 Years (2012). 13. Armenia (Total Tax Rate - 20.4%) Though Armenia has a fairly simple system, it has been plagued with revenue collection challenges. 12. Luxembourg (Total Tax Rate - 20.2%) Luxembourg came under fire late in 2014 when investigative journalists revealed the extent of the country's private tax arrangements with major global companies. 11. Croatia (Total Tax Rate - 18.8%) The country both joined the European Union and cut its income taxes during 2013. 10. Singapore (Total Tax Rate - 18.4%) With such low tax rates, many companies from around the world choose Singapore as a base for their Asian operations. 9. Georgia (Total Tax Rate - 16.4%) 16.4%. Since the end of the Soviet Union, Georgia is one of the states that had embraced a low tax model, repeatedly slashing the number of taxes and their rates. 8. United Arab Emirates (Total Tax Rate - 14.8%) Despite its low rate and high ranking, the UAE comes only 4th in the Middle East region. GDP Per Capita $43,048.85 (2013), GDP $402.3 billion (2013). 7. Zambia (Total Tax Rate - 14.8%) The mining hub recently raised royalties on open mines to 20%, before cutting it back to 9% following protests from major commodity companies. 6. Saudi Arabia (Total Tax Rate - 14.5%) The oil giant is able to keep its business taxes extremely low because of its massive petrochemical revenues, though it may suffer if it continues to do so while oil prices are still extremely low. 5. Lesotho (Total Tax Rate - 13.6%) Unlike many of the other countries on the list, Lesotho is one of the poorest in the world, and has the lowest Total Tax Rate of any African country. 4. Bahrain (Total Tax Rate - 13.5%) The country is less oil-rich than some of its neighbours. According to Ernst & Young, it "levies no taxes on income, capital gains, sales, estates, interest, dividends, royalties or fees." 3. Kuwait (Total Tax Rate - 12.8%) The emirate recently rejected an IMF suggestion that it should introduce a business profit tax to address its fiscal shortfall. 2. Qatar (Total Tax Rate - 11.3%) Qatar edges out the region's other oil-rich state to come in second place with a remarkable GDP per capita of $71,481 (2015), Inflation(CPI) 16.6% and unemployment rate of 0.4% (2015). 1. Macedonia (FYROM) (Total Tax Rate - 7.4%) As the only country with a tax rate of less than 10% on its businesses, but the IMF noted this year that public debt has doubled in Macedonia since 2008, partly as a result of this choice. IMAGE SOURCE: "GOOGLE SEARCH" SOURCE: http://www.businessinsider.in/The-18-countries-with-the-lowest-tax-rates-in-the-world/articleshow/49243339.cms