In most other countries in the EU your wife will be paying a lot more daughter self employed in Austria paying 26.5 in levies before income tax ,Come back and update us on the Countries you find good and bad it will be very Interesting,Hi,
We are currently in the process of selling up our buy-2-lets and once done (in the next 12 months realistically) are planning to move abroad (for a number of years) to work. I currently work in the private sector in FinTech as a PAYE employee and my wife is self employed. While completing our 2017 tax returns we are disheartened so see the large amount of tax and levies we contribute each year for such poor services in return. We have been in the same position for a number of years and have finally taken the decision to take action and to relocate to a lower tax jurisdiction.
We want to weigh up the pros and cons involved and would very much appreciate to hear of others experience or knowledge of this undertaking. In particular we would like to understand the effective tax rates and cost of living (incl. school fees) in Singapore and the middle east.
Thanks.
While completing our 2017 tax returns we are disheartened so see the large amount of tax and levies we contribute each year for such poor services in return.
PRSI contributions do not equate to dental or medical benefits in any meaningful way.
Property levy does not include refuse collections (as is the case mainland European countries).
Lack of adequate police resources both in terms of manpower and equipment.
Lack of any form of reliable and frequent public transport infrastructure outside of Dublin.
A dysfunctional public health service.
Increasing state pension qualification age (currently 68 years in our case).
USC charged on turnover (as opposed to profits after all expenses and contributions) for landlords....
You will struggle to find lower direct taxes in a modern country in the EU.
Check here:
https://stats.oecd.org/Index.aspx?DataSetCode=AWCOMP
DE, FR, BEL, - all higher direct taxes
Scan - way higher direct taxes.
The USA has lower direct taxes, but much higher property taxes.
I lived in Australia many moons ago on a work/travel visa. As I understand it today, direct taxes are a lot lower. Outdoor lifestyle is par the course. Education facilities are among best in the world. Wages are good too for professional and trade classes.
However, property prices have gone into orbit. Homelessness is an issue in Sydney and Melbourne, just like here.
Private health insurance is (apparently) getting more and more expensive.
Swings and roundabouts as they say.
You will struggle to find lower direct taxes in a modern country in the EU.
Check here:
https://stats.oecd.org/Index.aspx?DataSetCode=AWCOMP
DE, FR, BEL, - all higher direct taxes
Scan - way higher direct taxes.
The USA has lower direct taxes, but much higher property taxes.
The following link shows a comparison in the cost of living between Ireland & Singapore.
https://www.numbeo.com/cost-of-livi...esult.jsp?country1=Ireland&country2=Singapore.
You can use it to compare the cost of living in other countries in South East Asia & the Middle East.
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