[Subscribe to Daily Digest] |
Members do not see ads below this line. - Help Keep This Site Online - Signup
Hello,
If my fifth and sixth interviews go well in Germany this week, and I pass my second Russian test, I will be moving to Moscow in about two months.
I get paid in Euros! I will keep my U.S. bank account for misc. bills here and to pay my property manager to (hopefully) rent out my places. Obviously, I will need a Russian bank for incidentals and to avoid currency fees at ATMs that are greater, or so it is my understanding, than transferring from a German or Czech account.
So, my pay check comes in Euros to my Euro bank (Deutsche Bank, Cheska Sporshitelsa, maybe a Swiss or Lichenstein bank). I transfer some to my U.S. bank and some to my Russian bank. Does anyone have suggestions as to how to LEGALLY make additional money on foreign currency trading?
For example, I got this idea because since February, just my base in dollars has went up about $14K per year due to the sinking dollar. Keep driving those SUV's folks!
Should I keep money in Euros? Exchange more into dollars? Consider another currency?
Any suggestions on banks besides the above?
In regards to taxation, I know as a U.S. Citizen, the first $87.500,00 is not taxed by the IRS. After that, I am taxed. In Russia, I have a flat tax of 30% (Russian citizens pay much less. Why are all these other countries going to national sales taxes or flat taxes or lowering their tax rates and their economies are growing like gangbusters?) that I have to pay. My understanding is I will have to pay both Russian and U.S. taxes above $87.500,00 and that they somehow coordinate so I don't pay double tax. Does anyone know how this works?
Am I taxed on the relocation assistance? Am I taxed on the apartment allowance? Moscow apartments for foreigners start at about $2.000,00 per month for a 2 room. NOT a 2 bedroom, for a 2 room.
Any other ideas or suggestions or information would be appreciated. I just want to have a basic idea of things before the final interviews as I do meet the company president and they may extend an offer while I am there. Before deciding, I would, of course, consult legal and tax experts.
Sorry this was long but it is a big step.
posted by 71.214.22...
, Mon, 26 May 2008 11:45:29
, Sat, 24 May 2008 21:35:17
, Sat, 24 May 2008 23:29:49, Sun, 25 May 2008 08:28:51
, Sun, 25 May 2008 14:39:45
No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.
 |
 |
 |
 |
 |
