Liechtenstein - This country is bordering Austria, Germany and Switzerland so all rich people from these countries form their residence there and then use low tax bracket. This country does not have its own industries, instead they use other peoples money and earn interest on it.
Bermuda, Luxembourg, Cayman Islands - These three countries are tax heaven. Means Rich people from around the world form their residence there and route income from high taxing countries there.
Ireland - Ireland is tax heaven for corporations. Just to give you idea, Google and Amazon operate into UK however they have headquarters in Ireland. Makes sense?
Switzerland - I dont need to explain that Switzerland is biggest vault of world's black money. Tourism income of this country is just peanuts; its real business is banking.
Qatar - Oil, Oil, Oil - with very less population of own. Most of population is temporary in this country.
Iceland - This country has natural resources which produces power. With very less population its per capita income shoots up.
Norway, Denmark, Sweden - These countries have excellent industries like softrware and engineering and finance. With less population, they obviously become high capita income group.
United States of America - owning oil companies in middle east, owning manufacturing companies in China shoots up income of this country.
China - Although income of this country is going up, it is held by few people and government. On top
RE:Here is real picture:
by vinnie on Jul 24, 2008 06:32 PM Permalink
Continue -....... China - Although income of this country is going up, it is held by few people and government. On top of that majority of manufacturing companies are owned by USA, which increases income.
Pakistan - Once Pakistan realised that India progressed so much in last 20 years and they were left behind due to their policy; they now started to invest in education; which is helping to build up economy. India has got impressive record of NRI remittances, howevet it is small percentage of economy. Pakistani's living in developed countries are sending remittance which forms large percentage of economy.
