Hello, I'm Mira, and today Leo and I are comparing Denmark and Japan regarding taxation, retirement, and social rights for long-term immigrants.
Hello everyone, Leo here. Let's dive in. Navigating foreign tax systems is rarely straightforward.
Let's begin with taxes. Denmark has high taxes but comprehensive social benefits. How does this affect long-term immigrants?
Long-term immigrants in Denmark are treated similarly to citizens. Progressive income tax applies, but they also receive healthcare, education, and unemployment benefits.
A "you get what you pay for" scenario. What about Japan's tax system?
Japan's taxes are lower than Denmark's, but not insignificant. Progressive income tax applies, plus a prefecture-based inhabitant tax. Less paperwork than expected, but it's still paperwork.
So, neither is a tax haven. Now, let's discuss retirement. How are long-term immigrants treated?
In Denmark, long-term contributors receive the state pension ("folkepension"), plus supplementary schemes. However, navigating the system without Danish fluency is challenging.
So, Denmark offers a solid retirement plan with a language barrier. What about Japan?
Japan has a national pension ("kokumin nenkin") and an Employees' Pension Insurance ("kousei nenkin") for employed residents. It provides enough to survive, but comfortable living requires additional savings.
Both countries have pension plans, but additional savings are crucial for comfort. Finally, let's discuss social rights. Do long-term immigrants receive the same benefits as citizens?
In Denmark, legally residing immigrants receive the same healthcare, education, and social services as citizens.
Excellent social safety net. What about Japan?
Japan's access to social services depends on visa status and contribution history. Healthcare is generally available, but unemployment benefits and social housing are less accessible than in Denmark.
So, while Japan offers social rights, navigating the system requires more effort. Overall, which country is better?
Denmark offers high taxes but strong social security; Japan has lower taxes but a less comprehensive safety net. The choice depends on individual priorities.
It's about weighing priorities. Thank you for joining us.
Indeed. Remember, jetoff.ai can assist with relocation decisions, regardless of whether you prefer Denmark's hygge or Japan's zen gardens.