While Singapore may have some low taxes, it doesn&#x27;t really tell you the whole story.<p>owning a cars&#x2F;road taxes are extremely expensive:<p><a href="http:&#x2F;&#x2F;www.expatsingapore.com&#x2F;content&#x2F;view&#x2F;1152" rel="nofollow">http:&#x2F;&#x2F;www.expatsingapore.com&#x2F;content&#x2F;view&#x2F;1152</a><p>A friend of mine drives a company car there (because it costs so much to own).  It cost the company $100,000 for a license and this was after getting picked in a lottery.  There is also a government black box in the car that will track where you drive and determine your tax rate.<p>unless you are rich or are an employee of a big company, you pretty much don&#x27;t drive there.<p><a href="http:&#x2F;&#x2F;thehearttruths.com&#x2F;2013&#x2F;08&#x2F;16&#x2F;are-taxes-in-singapore-really-low&#x2F;" rel="nofollow">http:&#x2F;&#x2F;thehearttruths.com&#x2F;2013&#x2F;08&#x2F;16&#x2F;are-taxes-in-singapore-...</a><p>In reality, you are effectively paying a 60% income tax rate...although it looks like much less on paper.<p>Another article on living expenses in Singapore (from the same blog):<p><a href="http:&#x2F;&#x2F;thehearttruths.com&#x2F;2013&#x2F;08&#x2F;02&#x2F;how-much-do-you-need-to-earn-to-survive-in-singapore&#x2F;" rel="nofollow">http:&#x2F;&#x2F;thehearttruths.com&#x2F;2013&#x2F;08&#x2F;02&#x2F;how-much-do-you-need-to...</a>