Are you ready to put your hard-earned income to work for you? We all know that taxes are an unavoidable part of life, but what if we told you there are cities around the world where you may retain more of your earnings? Based on a detailed KPMG investigation, we provide the world’s most tax-friendly cities. From the bustling streets of Mumbai, India, to the lovely canals of Amsterdam, Netherlands, and Dubai, let’s look at the top destinations where your pocketbook can rest easy.
1. Mumbai, India:
India is the world’s most tax-friendly city, with a Total Tax Index (TTI) of 49.7, about half the U.S. baseline of 100. The average monthly discretionary income after tax is $694.00, and basic necessities like a gallon of milk cost only $2.77. India entices expats with its financial attractiveness, urging them to pursue possibilities in this thriving metropolis.