Not a Latitax destination
Micronesia
A US-dollar economy with reportedly no profits tax (a 3% gross revenue tax instead) and wage tax up to 10%, but no UK treaty and figures are unconfirmed.
Income tax, top rate
Unverified10% wage tax (unconfirmed)
Reported wage tax of 6% on lower wages and 10% above; tax falls on wages rather than investment income. Unconfirmed.
Source: No primary source read for FSM rates; best readings only · checked 2026-09-29Capital gains
UnverifiedNone (reported)
Source: No primary source read for FSM rates; best readings only · checked 2026-09-29Corporate
UnverifiedNo CIT; 3% gross revenue tax (reported)
Reported gross revenue tax on business receipts instead of a profits tax; unconfirmed.
Source: No primary source read for FSM rates; best readings only · checked 2026-09-29Inheritance
UnverifiedNone (reported)
Source: No primary source read for FSM rates; best readings only · checked 2026-09-29Wealth tax
UnverifiedNone
Source: No primary source read for FSM rates; best readings only · checked 2026-09-29VAT
UnverifiedNo national VAT (reported)
States levy their own sales taxes.
Source: No primary source read for FSM rates; best readings only · checked 2026-09-29Looking for somewhere that works?
See the jurisdictions where a lawful move genuinely cuts tax.
See the right countries- s1No primary source read for FSM rates; best readings onlysecondary · checked 2026-09-29
- s2GOV.UK - Tax treatiesprimary · checked 2026-09-29