Asia's status as a global tax haven

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...