Praise: Being an Expat

doubleJackD

it's so good working in a country with no income tax. when i worked in the UK I paid masses of tax so that economic migrants and people that have never done a days work can live in comfort.

Now all my income goes into my bank

de1amo

healthcare? and living costs? visas--provision for old age?

Also a lot of countries collect excessive tax from essentials like petrol and electricityFor ac's!
-i live in turkey and dont pay tax but pay lots of indirect taxes as well as visas and healthcare.

doubleJackD

healthcare - employer pays for
old age - easy to save for
petrol - 20 pence a litre
electricity - heavily subsidized by government

it would surprise people in the uk how little tax they would pay if the UK government didn't throw money at people that didn't deserve it.

de1amo

if you have an employer you must be paying local income tax?--somewhere in the system you must be paying tax!

doubleJackD

the bottom line on my pay slip is the same as the top line.

System

Are you really an expat or just somebody on an overseas contract?

de1amo

My wife's employees get what they earn paid to them but at the end of the year the tax man comes calling on them to pay their tax.

doubleJackD

!!!!!! wrote: »

Are you really an expat or just somebody on an overseas contract?

expat - as i understand it if i work abroad a full tax year the tax man gets nothing.

antrobus

doubleJackD wrote: »

it's so good working in a country with no income tax....

Which one?

On the basis of 'no income tax' and petrol at 20p a litre, I'd guess Brunei. It's the sort of economic model that works when you have a shed load of oil, but is otherwise a non-starter.

de1amo

The uk wont tax you but the country you work in will tax you though.--if you return to the uk the tax man will be interested from whence your savings come from if you havent paid any tax and there is no tax agreement with the country you are in now

doubleJackD

antrobus wrote: »

Which one?

On the basis of 'no income tax' and petrol at 20p a litre, I'd guess Brunei. It's the sort of economic model that works when you have a shed load of oil, but is otherwise a non-starter.

good reasoning, but Oman.

don't get me wrong, i think the social safety nets in the UK are good and worth paying taxes for. but it's not sustainable for the UK to pay benefits to every scrounger that turns up.