10-10. What would be your choice as a single person? A selection of opinions on the causes...

Question:

10-10. What would be your choice as a single person? A selection of opinions on the causes and consequences of Brexit job moves Niki Blasina, Monika Pronczuk and FT Readers November 2, 2018 In our recent project analysing the generous tax breaks available to London bankers moving to the European continent, we invited readers to comment on Brexit-related job moves or share their experience navigating expatriate tax regimes.

We received hundreds of responses about tax incentives and other factors to consider when making a relocation decision.

The article also triggered a broader discussion about the estimated number of jobs that could move due to Brexit and the potential economic effects of such to both the UK and Europe.

Here are some of the best submissions.

Tax incentives are not the whole story

“If you have to relocate, there is a lot more to be looked at: Paris may have nice incentives, but is also one of the most expensive places in Europe. The Netherlands have one of the highest qualities of life in Europe, eg with regards to public services, safety, etc. Luxembourg has a generally low level of income tax, and only very limited capital gains tax — and no tax on inheritance in direct line of succession, which is pretty unique on the continent. You may also want to consider how difficult the local language is, and how much you need to learn to get by in daily life . . . Just following the tax incentive may leave you high and dry if you want to stay there for more than a few years.”

— Athanase Quality of life in Italy beats London

“I got the chance to move out of London and relocate to Italy. I am quite glad. Besides the tax incentives mentioned in the article, overall I could enjoy a higher quality of life.

Housing in London is [becoming] more and more expensive, requiring even professionals earning well above the median salary to commute back and forth for hours . . .

In the UK, public higher education is much more expensive than in France, the Netherlands, Italy, etc, where it is usually free or costs a few hundred euros per year . . .

You need to eat at least three times a day, having a tasty meal in Italy instead of the usual junk food would definitely make your day better.

Living in Milan, you can spend weekends at the beach in the summer and go skiing in the winter just 1h/2h away by car.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: