Asia tax

Asia's status as a global tax haven

Asia has the lowest taxation-to-GDP ratios in the world, according to a recent ADB report, and they need to rise.
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Photo: AFP</div>
<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: AFP</div>

There must be many reasons why expats choose to relocate to Asia for a few years. To achieve a better quality of life probably to meet a desire for adventure and variety possibly to escape poor job prospects elsewhere in the world quite likely. But, to accumulate some capital by saving up income almost certainly.

A publication released on Tuesday by the Asian Development Bank ADB, called Taxation in Asia, confirms that they are right to be so sanguine. As the bank reports, a significant feature of life in Asia is that “tax burdens are among the lowest in the world”.

The policy note transcribes...

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