The text of the original article
AIRINC — Associates for International Research, Inc. — Bulgaria ranked second in an AIRINC report on tax policies around the world, analysed by The Wall Street Journal. AIRINC's core business is analysing data concerning cross-border relocations, including cost-of-living differences, accommodation costs, hardship allowances, daily allowances and hypothetical taxes. The report is based on taxation in 125 countries, analysing the rate of tax paid on each additional unit of income. Kazakhstan, Bulgaria, Guatemala and Russia have the lowest tax rates in the world. Bulgaria is the only European country among the leaders. Bulgaria has also improved its economic freedom score, as shown by a recent report produced by the Heritage Foundation. “Although there is no such thing as a tax-free life, some places have better tax structures for expatriates than others — and the small Balkan nation is one of them,” a blog post in the US edition stated. The worst results listed are Slovenia, Belgium, Portugal and also Sweden. The latter, however, has improved its tax system over the years while maintaining a high standard of healthcare and education.
De Amicis & Petrova Law Firm editorial team
Source: The Wall Street Journal