>>This only affects multi-millionaires, and even then, your numbers are wrong. The national wealth tax only applies to net worth over €3M. The top rate of 3.5% is only for assets over €10.7M. And some regions like Madrid and Andalusia offer a 100% exemption from the regional tax.
Who do you think is going to build/finance businesses if not people with significant NW?
Also central government removed Andalucia's and Madrid's exemptions lately.
>>False. The top income tax bracket is ~47% on earnings over €300K, which is far beyond a "semi-decent" salary here. More importantly, as a foreigner, you can use the "Beckham Law" to pay a flat tax of 24% on your first €600K of income for six years.
Add health care and employer contributions.
>>You're cherry-picking the highest rate again. It's a progressive tax starting at 19%. It only exceeds 25% on gains over €200K. Besides, if your investors are not in Spain, they are taxed in their country of residence under its tax treaties with Spain.
I am "cherry picking" the case that applies to me. If I live in Spain they would take around 4% of my net worth every year just for me being there. That's an expensive proposition.
>>We are not French, we won't scold you for trying to speak English. While not everyone is fluent in rural areas, people will genuinely try their best to help you, even if it's through Google Translate.
Major problem in EU is that we don't have a common language. Teaching English and making it 2nd official language everywhere should be a top priority. Otherwise we will never have the start American companies have. You will not built a big company if you can't hire and work in English. Tech sector won't happen if tech people don't speak a common language. It will not be Spanish/French/German or Polish (my own).
>>You're confusing social life with professional life. Yes, we might be 15 minutes late for a beer, but in a business context, being late is just as unprofessional here as it is in London or New York.
Not my experience sadly.
>>This is just rage bait. What you are describing, someone entering your primary home, is trespassing, a criminal offense. The police will have them evicted within 48 hours. The infamous "okupa" issue applies to properties that are clearly abandoned or second homes left empty for years, not your actual residence.
There are multiple reports of foreigners living in Spain living for vacation and having their house taken away by ocupas.
Who do you think is going to build/finance businesses if not people with significant NW? Also central government removed Andalucia's and Madrid's exemptions lately.
>>False. The top income tax bracket is ~47% on earnings over €300K, which is far beyond a "semi-decent" salary here. More importantly, as a foreigner, you can use the "Beckham Law" to pay a flat tax of 24% on your first €600K of income for six years.
Add health care and employer contributions.
>>You're cherry-picking the highest rate again. It's a progressive tax starting at 19%. It only exceeds 25% on gains over €200K. Besides, if your investors are not in Spain, they are taxed in their country of residence under its tax treaties with Spain.
I am "cherry picking" the case that applies to me. If I live in Spain they would take around 4% of my net worth every year just for me being there. That's an expensive proposition.
>>We are not French, we won't scold you for trying to speak English. While not everyone is fluent in rural areas, people will genuinely try their best to help you, even if it's through Google Translate.
Major problem in EU is that we don't have a common language. Teaching English and making it 2nd official language everywhere should be a top priority. Otherwise we will never have the start American companies have. You will not built a big company if you can't hire and work in English. Tech sector won't happen if tech people don't speak a common language. It will not be Spanish/French/German or Polish (my own).
>>You're confusing social life with professional life. Yes, we might be 15 minutes late for a beer, but in a business context, being late is just as unprofessional here as it is in London or New York.
Not my experience sadly.
>>This is just rage bait. What you are describing, someone entering your primary home, is trespassing, a criminal offense. The police will have them evicted within 48 hours. The infamous "okupa" issue applies to properties that are clearly abandoned or second homes left empty for years, not your actual residence.
There are multiple reports of foreigners living in Spain living for vacation and having their house taken away by ocupas.