MALDIVES #32

MALDIVES #32
VALUE RANKING NOTES
TAXATION TOP TAX RATE PLACE AMONG COUNTRIES NOTES
INCOME TAX 0% #1/196 FLAT TAX
CORPORATE TAX 15% #23/196 FLAT TAX
CAPITAL GAINS TAX 0% #1/188 TAXED AT INCOME TAX RATE
VALUE ADDED TAX 6% #188/197
SIMPLE AVERAGE MOST-FAVORED-NATION TARIFF 20.47% #80/186
INHERITANCE TAX N/A -
INTERNATIONAL TAXATION YES / NO # OF COUNTRIES - YES / NO NOTES
WORLD INCOME TAXABLE FOR CITIZEN RESIDENTS NO 148 YES/47 NO NO INCOME TAX
WORLD INCOME TAXABLE FOR FOREIGN RESIDENTS NO 142 YES/53 NO NO INCOME TAX
LOCAL INCOME TAXABLE FOR NON-RESIDENTS NO 178 YES/17 NO NO INCOME TAX
LEGAL PROTECTION 1 = MOST FAVORABLE PLACE AMONG COUNTRIES NOTES
STRENGTH OF LEGAL RIGHTS 0.33 #127/187
STRENGTH OF INVESTOR PROTECTION 0.49 #80/184
INVESTMENT FREEDOM YES / PARTIALLY / NO # OF COUNTRIES YES/PARTIALLY/NO NOTES
FREELY CONVERTIBLE CURRENCY PARTIALLY 53 Y/20 P/125 N ALSO USD USER
FOREIGN FREEHOLD PROPERTY OWNERSHIP NO 109 Y/18 P/71 N Land Is Leasehold over 25 Or 35 Years
COST OF LIVING 1 = MOST FAVORABLE PLACE AMONG COUNTRIES NOTES
COST OF LIVING 0.77 #105/190 CHEAPER THAN US (US = 0.42)
INFLATION RATE PLACE AMONG COUNTRIES NOTES
AVERAGE ESTIMATED ANNUAL INFLATION FOR 2011-2018 6.35% #156/195 OPTIMAL RANGE IS 1.50 - 2.50%
Countries within the optimal inflation range (1.5-2.5%) are ranked highest, while countries with inflation rates lower or higher than 1.5-2.5% are ranked lower. For details on how countries are ranked according to their inflation rates, please click on "Inflation" in the first column of this table or select "By Indicator - Inflation" in the menu bar.
Sources are indicator-specific and can be accessed through the "By-Indicator" section or through the indicator links in the first column of this table.
The reciprocity principle states that foreigners are only allowed to invest in freehold property when locals are allowed to do the same in the foreigner's country of origin.