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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have a related question: how do you do with taxes, our family is exploring living abroad for a few years (dual European citizenship) but are worried about taxes implication. Also wondering if one of can keep their US job...thoughts?
TIA[/quote]

There is no easy source for this, as it is country-by-country. Several accounting firms, like PWC, have country write ups that you can read through.

I’m the PT poster above. First, you need to look at any special tax incentives the country has. Portugal, for example, runs a program called NHR, which dramatically reduces taxes on non-Portuguese assets. Then, you need to look at the tax treaty between US and your target country. You can offset many taxes paid as a foreign tax credit against your US obligations, but watch out for things that don’t fall neatly into categories, such as Roth IRAs (often seen as just a normal retirement account even though tax has already been paid, or as deferred income).

Then, you also need to consider any wealth taxes, inheritance/estate taxes (be very careful here - you can get hit with inheritance on top of US estate tax as they are not the same ‘category’ and therefore have no offsets in many treaties) and exit taxes. It’s complicated & you would be well advised to find a good accountant in your target country before committing to any move. It’s not to say you should never move, but you might want to rearrange your assets a bit before making the transition to avoid triggering more tax than you might otherwise pay.[/quote]

Ok, this is helpful. I have been looking online and can't find a thing. Right now the country we are interested in are : Belgium (DH is from there), Australia or New Zealand and Canada. If anyone has any info/resource on any of this country regarding taxes (work permit), please post here. Thanks![/quote]

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