5 Countries with the Lowest Corporate Tax Rates

4. Commonwealth of The Bahamas

Latest & Lowest Corporate Tax Rate: 0%

The Commonwealth of The Bahamas is an island nation in the Atlantic ocean. Banking and offshore financial services are one of the largest sectors of its economy, and the Bahamas is thought to have the most offshore companies in the world. The Bahamas does not have an income or corporate tax and generates revenue from property and import taxes. Bahamas was at the center of a scandal recently, when the cryptocurrency exchange FTX collapsed due to revelations of alleged financial impropriety at the firm and a massive drop in the value of its self launched FTT token on the open market. FTX founder, Sam Bankman-Fried was living in the country, since FTX was also registered there. This led to speculation that his extradition would take a long time, as Bahaman laws limit extradition and require court hearings. However, the matter was resolved when Bankman-Fried decided to return to his home country on his own.