A day after the Budget, here's a tax break that you can give yourself

The best places in the world to offer tax sops. Bonus — they’re also fabulous getaways.

Singapore: It’s small, yet not unassuming. Singapore has “reasonable” nominal corporate tax rates, but is still considered a haven. And it’s a must-visit, thanks to attractions like its zoo and of course, Universal Studios.

Monaco: This small citystate hasn’t charged its residents income tax since 1869. If you boast of Monaco as your primary nation of residence, you can keep all the money that you earn. All. And perhaps spend it at the casinos, yacht-lined harbor and prestigious Grand Prix motor races.


Monaco hasn’t charged its residents income tax since 1869. (Image: Thinkstock)

Bermuda: This country features a zero percent corporate tax rate, as well as no personal income tax rate. Put the glass ceiling out of your mind and instead, enjoy a tour on the ocean in a glass-bottomed boat.