17 countries with the lowest tax rates in the world

The group analysed data including levels of corruption, inflation, and policy stability to compile a picture of virtually every country.

One of the indicators the WEF uses is a country's tax burden, with lower scores indicating higher competitiveness

To measure tax it uses the World Bank's total tax rate, which accounts for all the taxes on businesses themselves rather than on the employees.

Business Insider took a look at the countries with the lowest overall rates. Check them out below.