Any EXPATS on here? Quick Question
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Date: October 23rd, 2017 10:18 AM Author: anal locus nowag
Boss offered me a promotion, but I'll have to move to Europe. I'd be the head EMEA atty for this particular product -- so there would be monthly travel to various Euro cities. It'd be with an EU member country, and in a city like Frankfrut.
Do you regret leaving the US?
How much of a tax hit will I get? [I currently make about $170k USD, but will make about $190-200k USD (whatever that is in Euros) in Europe. I still need to figure out how much I'll have to pay in the US, I think first $100 is tax free.]
What did you do about insurance if you're in an EU country?
(http://www.autoadmit.com/thread.php?thread_id=3772277&forum_id=2#34508451) |
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Date: October 23rd, 2017 10:28 AM Author: anal locus nowag
About $190 to 200k USD income. I have no idea how healthcare will work. I currently have a high deductible plan with HSA.
I wouldn't get a driver or house paid for. This is a permanent move. If it were temporary, I would get a stipend for housing.
We currently have about $400k USD saved.
(http://www.autoadmit.com/thread.php?thread_id=3772277&forum_id=2#34508489) |
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Date: October 23rd, 2017 10:54 AM Author: anal locus nowag
Yes; she'd have to find another gig. She doesn't like what she's doing now. And, she's open to moving since she'll be near her family in Poland.
No kids yet, but we do want them. The company has a nice paternity leave (about 6 mos) with pay for its Euro employees.
Given that they've been searching for a year and a half, I'm going to ask for more money. Not sure if they can up my salary, but maybe give me some rental stipend.
(http://www.autoadmit.com/thread.php?thread_id=3772277&forum_id=2#34508576) |
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Date: October 23rd, 2017 12:25 PM Author: anal locus nowag
That's the thing. It's a leadership position, so I'd be on some alternative track within my mega company. I'd have a team to manage and an outside counsel budget to oversee. Not sure what value that has right now.
I may try to get the foreign schooling or other perks from the employer if it won't increase the salary. I'll have to figure out more about the Expat pkg. Solely focused on the money, but there should be more to it.
My boss would be pretty cool from my understanding. The hours would be less. In NAM, we're constantly working. In EMEA, they don't respond after office hours or while on vacation. So, QoL will improve.
(http://www.autoadmit.com/thread.php?thread_id=3772277&forum_id=2#34509081) |
Date: October 23rd, 2017 12:12 PM Author: black chest-beating location background story
If you have kids and they aren't covering international schooling it's BS.
Some firms cover expatriate health insurance (you'll want to be able to be insured in the US for healthcare in case you need it). Others provide local health insurance (which may be unnecessary if you're in a single payer country).
You can also ask for X flights back home per year for family.
If this is all you're getting you'll feel less than relative to most expats (not counting English teachers) frankly.
(http://www.autoadmit.com/thread.php?thread_id=3772277&forum_id=2#34508988) |
Date: October 23rd, 2017 12:36 PM Author: carnelian motley therapy
the description of taxes in this country as “brutal” makes me suspect Brussels/Belgium, in which case literally LJL about taxes there
taxes depend a lot on the country but in most places will be higher than in the US so you will just end up more in taxes even if you can offset these against all US taxes and so don’t pay anything in the US — gg’s info on offsets is very helpful if you’re going to a low tax jurisdiction in Asia or a sensible Euro country like Switzerland or Ireland, but not so much for an absurd country like Belgium. Belgium has some “expat” provision that lowers your Belgian taxes for the first few years (7?), but in reality it only lowers them from completely absurd (marginal rate of 60-something % on all income above 30k) to laughably high; Holland and I think Germany also have similar temporary expat breaks. Inform yourself well about details before deciding.
the point about schools being paid for matters too — don’t send your kids to the local French (or whatever) language school in Brussels with all the Moroccans, you definitely want to send them to the local American or British school, which will be expensive
That said, life in Europe is nice, but in some places nicer than others.
(http://www.autoadmit.com/thread.php?thread_id=3772277&forum_id=2#34509162) |
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