Here are some countries which has no tax.

http://in.finance.yahoo.com/photos/8-tax-havens-in-the-world-slideshow/

Your Title is misleading. The thread says about those countries where there are no taxes. From the title, I thought I need not pay income tax from now.

I thought the same, that Sasi was teaching us to hood wink the finance ministry lol :laugh:

I thought i could get a foolproof clue to evade my income tax. it was a damp squib.

Yes some Muslim countries don't have taxes but some alternative methods are followed by them. For loans also they do not have interest as we have as in Quran paying interest on loan is not allowed.

Their rules are based on Quran. So, it is understandable that they have different rules. The word "tax" is what matters. After all, they will be certainly having some different kind of "tax". How can it be totally exempted?

I think you have understood what I stated.." Muslim countries don't have taxes but some alternative methods are followed by them"

Don't worry friends, this year F/ minister would exempt some more tax as the range will be increased.

According to their beliefs, Muslims never put money in bank for interest. It's Haraam to them.
It's one among the nice principles of Islam. That's the reason why they don't collect tax.
same is the case of liquor.

This is first time I am hearing that they don't put money in bank.

According to their beliefs, Muslims never put money in bank for interest. It's Haraam to them.
It's one among the nice principles of Islam. That's the reason why they don't collect tax.
same is the case of liquor.

According to their beliefs, Muslims never put money in bank for interest. It's Haraam to them.
It's one among the nice principles of Islam. That's the reason why they don't collect tax.
same is the case of liquor.

I think that there is some play with words. Muslims want return on their deposit and interest but hate the word 'interest'. So, if they are paid return on their deposit in form of dividend or participation in profit, they welcome. This is what Islamic Banking is about.

According to their beliefs, Muslims never put money in bank for interest. It's Haraam to them.
It's one among the nice principles of Islam. That's the reason why they don't collect tax.
same is the case of liquor.

I think that there is some play with words. Muslims want return on their deposit and interest but hate the word 'interest'. So, if they are paid return on their deposit in form of dividend or participation in profit, they welcome. This is what Islamic Banking is about.