Originally Posted by
neodd
The family is considering moving. One of the options on the table is another country (wife originally from there and has family there). We are still just brain storming but I’m trying to gauge how feasible it actually would be to have an international commute.
Flight options are quite limited so that obviously would cause a lot of pain and hotels (ocean crossing). But beyond that, is anyone currently doing this or has done it in the past that would share some things we may be overlooking? Taxes? Company policy on the matter that I haven’t found? Guess I’d need to keep a U.S. address somewhere and probably an international calling plan with a U.S. phone number. What else am I missing? One thing I just thought of is 100/672 block hour limit will likely restrict against clumping too much flying together to reduce commutes.
For taxes, there are certainly smarter folks than me on this (so take with a grain of salt). I’ve done some research on this recently since my wife is also interested in some time abroad and we’re exploring options.
Many countries have a tax treaty with the US to prevent double taxation. That said, the US will still require you file US taxes; you’d pay the taxes in the country you’re living (with few exceptions, unless you’re considering certain central American or Caribbean countries that only tax local income).
For Just about every country in Europe (Western Europe at least) you’d be filing and paying their taxes, then claiming those paid taxes as a credit on your US taxes. So you shouldn’t necessarily be taxed double, but your taxes could increase because those tax rates are higher than here. Example: if you move to France and pay their 55% taxes, you can offset your US taxes and basically reduce them to zero, but you’re still paying more overall because France’s taxes are higher than here.
If you want to see some nice breakdowns by country, check out the Nomad Capitalist. Granted, it sounds like you have a specific place in mind, but that website has some good info.
definitely consult with someone who specializes in your situation though.