Part 1 - AL-Tax

International Taxation Handbookalso tend to leave, or to never enter, a country that has a relatively unattractive taxstructure.Table 11.6 shows the percentage of gross income that married individuals withtwo children earning €200,000 get to take home. The higher the percentage, the lowerthe degree of exploitation and tax envy.Table 11.6 shows that Asian economies do not exploit their rich any more than doother economies. Nine of the 12 Asian economies included in the study (Hong Kong,Singapore, Taiwan, Thailand, Japan, South Korea, India, Turkey, and Indonesia) hadabove average happiness scores, while three (China, Malaysia, and Australia) hadbelow average happiness scores.Table 11.7 shows the degree of tax happiness as one progresses up the incomescale. Since the Forbes data included statistics on 56 jurisdictions, ranks of 28 orless were above average in terms of tax happiness and those with ranks higher than28 were less than average in terms of happiness.Table 11.6 Happiness Index, married with two children earning €200,000Rank Country Net to gross salary (%)Above average happiness1 UAE 95.004 Russia 87.005 Ukraine 86.896 Hong Kong 84.008 Singapore 82.4913 Brazil 73.1919 Taiwan 69.0120 Thailand 67.8621 Japan 67.2522 South Korea 67.0723 India 66.6824 Switzerland (Zurich) 66.4626 Argentina 65.9827 Turkey 65.8228 Indonesia 65.13(Continued)278