Let's discuss taxation, retirement, and social rights for long-term immigrants in Japan and Moldova.
Taxes, the only certainty besides death. Japan and Moldova…an intriguing comparison.
In Japan, long-term immigrants face a progressive income tax system; higher earnings mean higher taxes. There's also resident tax and consumption tax.
A progressive system…they celebrate your financial success by taking a larger share. What's the tax rate?
It ranges from 5% to 45%, depending on income. However, Japan offers a social security system, "nenkin," providing pension benefits to long-term residents who contribute.
Nenkin…sounds promising. So, high taxes, but a robust pension system.
Moldova, conversely, has a simpler, flat 12% income tax rate.
A flat rate is appealing. Sounds like a more relaxed financial landscape.
While the tax burden is lower, Moldova's social security system is less developed than Japan's. Benefits might be lower, and the system is still evolving.
So, lower taxes, but potentially less comprehensive social safety net.
Precisely. Long-term residents in Moldova are generally entitled to benefits like healthcare and unemployment insurance, provided contribution requirements are met.
Healthcare and unemployment insurance are crucial safety nets.
In short, Japan offers comprehensive social security with high taxes; Moldova offers lower taxes but a less developed social safety net.
Japan is like a high-end restaurant with a hefty bill, while Moldova is a cozy tavern with simpler fare. Each has its merits.
High earners seeking security might prefer Japan. Budget-conscious individuals might find Moldova appealing.
You've made taxes and retirement almost exciting.
I prefer making people laugh, but taxes aren't my forte.
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