While some of you may have heard of the Channel Islands, and are more familiar with it's lax gambling laws and generally lower taxes (20%), there is one little island within them that is overlooked, that being the small Island of Sark. Unlike the other Channel Islands (like Guernsey), Sark has no income, corporate, capital gains, or other taxes. There is only one tax, and that is the property tax. Only property owners can be elected to public office, and in order to be a citizen, all you need is to rent or own land on the island.
Unfortunately, the island is rather small, and only has six hundred inhabitants, and thus it may take a while to get citizenship. But compared to other citizenship plans, this one does not take years to complete once you own property. The island is ruled by a king, who has made a pledge to never impose a tax on his subject. The only downsides to this island is that it is not as developed, and cars are not allowed on the island. For more information on Sark see this Wikipedia article on Sark.
No comments:
Post a Comment