Now that we've discussed the general atmosphere of different countries, let's delve into a crucial aspect: taxation, retirement, and social rights for long-term immigrants. We'll be comparing Israel and Niger.
Taxation is a significant factor when considering a long-term move. In Israel, the tax system is progressive; higher earners pay a larger percentage. They have income tax, VAT, and corporate taxes. While it can seem extensive, the infrastructure benefits from the revenue. Long-term immigrants often receive tax benefits during their initial years to ease the transition.
Those initial tax benefits are a helpful incentive. Israel's system is quite comprehensive, offering a safety net through the National Insurance Institute (Bituach Leumi). Contributions to social security provide old-age pensions, with benefits increasing based on contribution duration.
Niger presents a different picture. While a progressive income tax and VAT exist, a significant portion of the economy is informal. This means many transactions and small businesses operate outside the formal tax system. Retirement is also less structured, with many relying on informal support networks like family and community, rather than formal state pensions.
The reliance on informal networks in Niger highlights a contrasting social contract. Regarding social rights, Israel provides access to universal healthcare and various welfare benefits for long-term residents and immigrants. This robust system offers a safety net with baseline care and support.
In Niger, access to public healthcare and welfare programs is more challenging, often limited by resources and funding. Self-reliance and community support play a much larger role in ensuring social well-being.
Whether you prefer a comprehensive state-backed system or a more community-driven approach, understanding these differences is vital for long-term planning, especially concerning financial security and well-being.
Indeed. Remember to check out jetoff.ai for additional travel insights and financial planning advice.