Re:Ask HN: How to increase SWE salaries in Europe?
by wiredfool on Thursday January 14, 2021 @04:47PM
(#25783100)
I can tell you that Iām a not terribly highly paid software dev (by US standards) in Ireland and my marginal tax rate is about 50%, and it could go up a few points if I made more. Add 40% tax on cap gains as well. And bank interest. (I get < 1 eur a year in interest, and they send 40% of it odd to revenue. Why bother? Hell if I know.)
Re:Ask HN: How to increase SWE salaries in Europe?
by ChuckNorris89 on Thursday January 14, 2021 @05:30AM
(#25774705)
Hmm, it's anecdotal, but my colleagues who moved from Ireland and UK to Austria say that back there it was basically a tax heaven for tech workers compared to the income taxes they pay here so... maybe you could be wrong?
Re:Ask HN: How to increase SWE salaries in Europe?
by overscore on Thursday January 14, 2021 @05:42AM
(#25774802)
> maybe you could be wrong?
Ireland is bang on the EU average for taxation of high earners. It seems Austria has higher (although not massively so) taxation of high earners - source below.
Ireland has the most progressive taxation system in the EU, so low-earners do indeed pay less personal incomes taxes than any country other than Cyprus and Estonia.
Ireland is definitely not a tax haven for tech workers - you're the only person I've ever come across to hold that opinion. The UK may be closer to that, as self-employment is much more attractively taxed there than Ireland.
https://www.uhy.com/uk-imposes-highest-taxes-on-inheritance-...
Re:Ask HN: How to increase SWE salaries in Europe?
by overscore on Thursday January 14, 2021 @08:32AM
(#25776062)
My source for the above was intended to be: https://publicpolicy.ie/papers/comparing-irish-income-taxati...
Even compared to Sweden, personal taxation is comparable for high-earners, although Ireland's much more progressive and redistributive scheme results in lower taxes for low-earners, and thus a smaller tax base.