Re:Nationwide tells 13,000 staff to 'work anywhere'
by llampx on Thursday March 25, 2021 @05:13AM
(#26577930)
I think only a fraction of people would move away from their home country just to gain some tax benefits. Doesn't seem like most people I talk to are interested in that.
Re:Nationwide tells 13,000 staff to 'work anywhere'
by alibarber on Thursday March 25, 2021 @06:23AM
(#26578399)
It's not really the tax benefits. I'm using Dubai as an example because I can't think of anywhere else, but plenty of people move there because it has:
Better weather, better housing, better roads, lower crime etc than a lot of, say Europe.
Of course, it also has a dark side such as no real social support net or anything (criminals, the sick and unemployed can just be deported), but the people moving there don't need that.
Yes of course, society, solidarity, etc etc - but in the past that model kind of worked because people didn't really have the ability to just pack up and go - whereas now they can just bring a laptop and their credit card and have a plane ticket, airbnb, leased car and new, and to them better, life with barely any effort.
Re:Nationwide tells 13,000 staff to 'work anywhere'
by uzakov on Thursday March 25, 2021 @05:25AM
(#26578005)
I would actually say the opposite: many people I know (in the 20-28 years old age group) who work in IT and earn good salaries in their countries have said they'd move if they can make much more elsewhere. I think its not just about tax benefits but also the actual potential salary.
Re:Nationwide tells 13,000 staff to 'work anywhere'
by uzakov on Thursday March 25, 2021 @05:23AM
(#26577989)
You raise great points. I think what countries would need to do is to lower taxes (potentially considered to be controversial by some) to attract talent from other countries and keep existing talent.
Re:Nationwide tells 13,000 staff to 'work anywhere'
by llampx on Friday March 26, 2021 @05:03AM
(#26590056)
I think a lot of ageing countries would have a hard time with that. Germany for example, is constantly looking at new ways to generate tax income. For them, lowering taxes, especially middle-class income taxes, is completely out of the question.
High skilled, (comparatively) rich, healthy knowledge workers will leave the place they reside, move somewhere like Dubai (no tax, few free public services - doesn't matter they're not going to need them) to work for a company based - on paper, somewhere similarly - meanwhile the sick, aging and destitute back in the old country depend on tax-funded public services that have lost their tax base.
I don't know what the solution is - but it's something I think needs to be considered. Conversely, people might want to move the other way (say to the nordics), but, I'd wager it being heavily skewed in the first direction.