Welcome. Today, we'll compare taxation, retirement, and social rights for long-term immigrants in Ireland and Japan.
Let's start with taxation. For long-term immigrants, which country presents a more favorable tax structure?
Ireland employs a progressive income tax system; the highest marginal rate is 35%. The corporate tax rate is attractive at 12.5%, and VAT is 23%.
Ireland's lower corporate tax rate is a significant draw. Now, Japan. Their income tax reaches a high marginal rate of 55%, while the corporate tax rate is 29.7%, and VAT is 8%.
Regarding social welfare and retirement, long-term residents in Ireland have access to social welfare benefits.
Japan's National Pension system requires contributions but provides retirement coverage. Both systems have strengths and weaknesses.
Ultimately, the best system depends on individual circumstances and priorities. Each country offers a unique set of advantages and disadvantages.
Precisely. Careful consideration is key.
Thank you for listening. Until next time.
Goodbye, and remember to research thoroughly.