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The U.S., the only nation in the Organization for Economic Cooperation and Development that taxes citizens wherever they reside, is searching for tax cheats in offshore centers, including Switzerland, as the government tries to curb the budget deficit. Shunned by Swiss and German banks and facing tougher asset-disclosure rules under the Foreign Account Tax Compliance Act, more of the estimated 6 million Americans living overseas are weighing the cost of holding a U.S. passport.
Expatriates giving up their nationality at U.S. embassies climbed to 1,131 in the three months through June from 189 in the year-earlier period, according to Federal Register figures published today. That brought the first-half total to 1,810 compared with 235 for the whole of 2008.
“The United States wishes to ensure that all income earned worldwide by U.S. taxpayers on accounts held abroad can be taxed by the United States,” the Swiss government said on April 10.
“With increased U.S. tax reporting, U.S. accounting costs alone are around $2,000 per year for a U.S. citizen residing abroad,” the tax lawyer said. “Adding factors, such as difficulty in finding a bank to accept a U.S. citizen as a client, it is difficult to justify keeping the U.S. citizenship for those who reside permanently abroad.”
Originally posted by crazyewok
Also germanys great, got a strong economy with strong manufactureing industry and its pretty good debt wise as its the lender rather than the borrower.
Originally posted by tyfon
reply to post by teachtaire
I live in Norway.
The minimum wage is quite high, but there are a lot of taxes. You get something else in return than war though.
Murders are scarce and the police don't carry guns. They are stored sealed in the trunk, and they need to radio HQ for permission to use them.
The social atmosphere is very liberal.There are cases of racism and we had the terrorist two years ago. However it's not nearly on the scale of the US for example.
Almost everyone speak English to some degree, most good. This is a mandatory language that is thought from the age of 10.
The social mobility is quite low, but there is a massive government apparatus and workers union. Hopefully the new government will rectify some of this. Despite this abundance of bureaucracy, the state has about $500 billion in a sovereign fun and keeps pumping into it due to the oil.
The social security net is very expansive. You can't really go poor here.
Medical expenses are usually limited to about $150 a year in deductibles, after that it's completely free.
The average wage is about $80000 of which you would need to pay about $25000 in taxes.
Some items like gas and alcohol are taxed more than the usual 25% VAT.
But everyone enjoy 100% paid sick leave, 5 weeks vacation + numerous other holidays, security if you become disabled or unable to work.
If you give birth, the mother and father have 10 months combined 100% paid leave to take care of the newborn.
Housing prices vary depending on where you want to live.
A 100 square meter apartment could cost anything from $1.000.000 to $150.000 depending on location.
All in all. Life is quite good here. It's not perfect. A lot of things can change for the better, but I feel that we are better off than quite a few others.
And if we manage to get a change in government this autumn the worker immigration laws will probably be relaxed.
Originally posted by crazyewok
reply to post by Rodinus
I have been to a number of places in northen France. And although paris is ok I have not been impressed with the rest o it. My biggest complaint is the toliet and sanitation faclitys. Public Toliets in France are to be frank 3rd world. Hell in one village I went too had a open sewer system The village stank like crap and the people there did not seem to even care like it was normal. If a rich 1st world country cant get its hygenine up to 1st world standard I dont want to live there. And Spain is just as bad too.
I find a countrys toliet facilitys tell alot about a countryedit on 10-8-2013 by crazyewok because: (no reason given)
Originally posted by AllInMyHead
You should also be aware that you can't just "move" to most other countries unless 1. You have an in-demand skill set (computer programmer, physical therapist etc), 2. Have enough money to be self supporting (i.e. adequate retirement income) 3. You are starting a business based in that country 4. You are marrying someone in that country. 5. Some countries have age restrictions for immigrants.
Even Mexico won't take Americans and have a long list of restrictions. If you plan to live there you must return to the States every six months to renew your Visa. And if you are able to get permanent resident status or citizenship (highly unlikely) you still can't vote or truly own your property.