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The abolition of Income tax is an idea which appeals to a lot of Indians. It may not be as unrealistic as it sounds since BJP’s own Subramaniam Swamy is an active proponent of this. This is also a reality in many countries across the world. As many as 23 countries like UAE, Bermuda, Panama, Monaco don’t have a personal income tax in their countries. Some don’t even have corporate tax. How do these countries manage to earn revenue? What are the sources of income for their governments? I explain this hypothetical scenario and how India could potentially make zero income tax. ---------------------------------------------------- DOWNLOAD MY APP: 📱Android app: https://play.google.com/store/apps/de... 📱iOS App: https://apps.apple.com/ie/app/dhruv-r... MY FAVOURITE EQUIPMENT: 🎥 Studio Camera: https://amzn.to/2McQ8Vs 🔎 Studio Camera Lens: https://amzn.to/365fYSs 📸 Vlogging Camera: https://amzn.to/2Y6hoaP 🥢 Vlogging Tripod: https://amzn.to/2KKdcuq 🎙 Podcast Mic: https://amzn.to/3qLPkpq MY FAVOURITE BOOKS: 📖 Sapiens - https://amzn.to/38QX56d 📖 Homo Deus - https://amzn.to/3o1nzIB 📖 Mahatma Gandhi - https://amzn.to/3n5fQYN 📖 Juli’s Hindi Learning Book - https://amzn.to/3bhAcvx FOLLOW ME ON: 📩 Telegram: https://t.me/dhruvratheechannel 📸 Instagram: / dhruvrathee 🐦 Twitter: / dhruv_rathee ▶️ Youtube Channel: / dhruvrathee 🎦 Vlog Channel: / dhruvratheevlogs MORE VIDEOS: 🗺 Ground Reports: • Ground Reports 🇺🇳 International Issues: • Current Affairs (World) 💲 Finance Videos: • Financial Education 📚 Educational Videos: • Educational Videos 🇮🇳 Indian Issues: • Current Affairs (India) 🎦 My Vlogs: / dhruvratheevlogs ---------------------------------------------------- 0:00 Introduction 1:17 Direct Taxes vs Indirect Taxes 4:50 Advantages of Zero Income Tax 8:14 Disadvantages of Zero Income Tax 9:06 Case Study: UAE 10:23 Case Study: Monaco 11:08 Case Study: Bermuda 12:20 New Sources of Income?