Which country taxes a high earner the least?

11 of the 47 countries and territories on the Patrician.ch board take no income tax from a $1M earner at their leading address. Among them the engine ranks UAE, Uruguay, Anguilla highest on safety, schools, sun, cost and ease of entry.

Which country taxes a high earner the most?

Japan, where the leading address, Tokyo, still takes 52% of a $1,000,000 income on the 2026 model.

Tax on a $1M income by country 2026: 47 countries compared

Every country on the board, by the tax.

47 countries and territories, each at its leading address for a $1M earner. 11 take nothing.

In short, current to October 2026

11 of 47 countries and territories on the board take no income tax from a $1,000,000 earner at their leading address.
28 spare a resident's capital gains at that address, and 40 levy no wealth tax there.
Japan takes the most, 52% at Tokyo.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated 5 November 2026. Cite as: Patrician.ch, Tax on a $1M income by country 2026: 47 countries compared, patrician.ch/countries/, October 2026.

Ranked

Tax on $1M, country by country.

Country	Leading address	Tax on $1M	Gains	Wealth tax	Heirs	Millionaires, 2025 forecast
UAE 2	Dubai	0%	0%	None	No inheritance tax	+9,800
Uruguay	Punta del Este	0%	0%	Yes	Children pay 5% or less	·
Anguilla	Anguilla	0%	0%	None	No inheritance tax	·
Monaco	Monaco	0%	0%	None	Spouse and children exempt	·
St Kitts and Nevis	Christophe Harbour	0%	0%	None	No inheritance tax	·
Cayman Islands	George Town	0%	0%	None	No inheritance tax	·
Antigua and Barbuda	St John's	0%	0%	None	No inheritance tax	·
Turks and Caicos	Providenciales	0%	0%	None	No inheritance tax	·
Bahamas	Nassau	0%	0%	None	No inheritance tax	·
Panama	Panama City	0%	0%	None	No inheritance tax	·
British Virgin Islands	Virgin Gorda	0%	0%	None	No inheritance tax	·
Gibraltar	Gibraltar	6%	0%	None	No inheritance tax	·
Andorra	Andorra la Vella	10%	0%	None	No inheritance tax	·
Bermuda	Tucker's Town	11%	0%	None	Children taxed	·
Hong Kong SAR	Hong Kong	15%	0%	None	No inheritance tax	·
Montenegro	Tivat	17%	17%	None	Spouse and children exempt	+150
Liechtenstein	Vaduz	18%	0%	Yes	No inheritance tax	·
Jersey	Jersey	20%	0%	None	No inheritance tax	·
Singapore	Singapore	21%	0%	None	No inheritance tax	+1,600
Switzerland 10	Zug	21%	0%	Yes	Spouse and children exempt	+3,000
Czech Republic	Prague	22%	0%	None	No inheritance tax	·
French Polynesia	Bora Bora	25%	0%	None	No inheritance tax	·
Dominican Republic	Casa de Campo	25%	25%	None	Children pay 5% or less	·
Barbados	Platinum Coast	27%	0%	None	No inheritance tax	·
Croatia	Hvar	29%	0%	None	Spouse and children exempt	·
Puerto Rico	San Juan	31%	15%	None	No local tax, outside reach	·
United States 17	Miami	32%	24%	None	Children taxed	+7,500
Indonesia	Bali	33%	35%	None	No inheritance tax	·
Thailand 2	Phuket	33%	35%	None	Children pay 5% or less	·
Cyprus	Limassol	34%	0%	None	No inheritance tax	·
Mexico 3	Los Cabos	34%	10%	None	No inheritance tax	·
Malta	Valletta	34%	0%	None	Children pay 5% or less	·
Argentina	Buenos Aires	34%	15%	Yes	No inheritance tax	·
New Zealand	Queenstown	38%	0%	None	No inheritance tax	·
Greece 2	Athens	43%	0%	None	Children taxed	+1,200
Spain 5	Madrid	43%	28%	Yes	Children pay 5% or less	−500
United Kingdom	London	43%	24%	None	Children taxed	−16,500
Italy 11	Cortina d'Ampezzo	43%	26%	Yes	Children pay 5% or less	+3,600
Luxembourg	Luxembourg	43%	0%	None	Spouse and children exempt	·
France 7	Provence	44%	35%	Yes	Children taxed	−800
St Barths	Gustavia	44%	35%	None	No local tax, outside reach	·
Australia	Sydney	45%	24%	None	No inheritance tax	+1,000
Germany	Munich	45%	26%	None	Children taxed	−400
Israel	Tel Aviv	45%	30%	None	No inheritance tax	·
Austria 2	Vienna	48%	28%	None	No inheritance tax	·
Portugal 3	Lisbon	48%	28%	None	Spouse and children exempt	+1,400
Japan	Tokyo	52%	20%	None	Children taxed	·

Simplified marginal model, indicative 2026 brackets, non-US single filer, at the address in each country that keeps the most of $1M. Millionaire flows are Henley's 2025 country forecasts.