RE: The Old Dog Presents: A Foreign Tax Haven Within Switzerland.
In Hungary there are very high taxes. Our average income compared to the western income is very low. VAT is the highest in the world, I think, it is 27%, even at essential food! That's why half of Hungary's popularity is poor. Many people (1 or 2 millions) leaved the country for the promise of higher income and lower taxes. The tax audit is very strict, but only poor people are punished, often with a fine of HUF million, even for small things. The really wealthy billionaires cheat and steal taxes and buy everything in the country. However, most of their wealth is held abroad in tax havens. But I'm not envious of them, nor do I hate them because I know the law of karma.
Tax havens near Hungary? I don't know...perhaps Campione :)))
Tax planning? Yes, I'm more conscious in this thing, I note every income and cost, I ask for bills of eligible assets and materials.
I still do not complain, and I'm very grateful for the fate to get to know STEEM. This is my future I think!
What a great comment. Last year I had the pleasure of meeting a woman who had returned to Hungary from Australia after about 40 years abroad. She loves it and mentioned that it is much cheaper and perfect for pensioners. VAT on food. That's sad!
This is the fact here. I already know that I will not have a pension from the state. I have to take care of myself and here comes the opportunity of STEEM. In a few months I have created more value than before in 2 years. I cover my costs (mainly travelling) exclusively from here.
OMG @kalemandra! Poverty because of high tax!!!
I had heard that the real estate prices are very cheap there e.g. near the Lake Balaton. May be because of the higher availability of properties as you told that millions of people are emigrating out of Hungary and also because poor people don't have any disposable income to inflate the prices there. So isn't it a blessing in disguise? I mean, property prices are very steep in most parts of the developed world. Even if other commodity prices are cheap, you can't save enough to afford a decent property to live in. So I think if you save enough Steem, you may as well buy a property there with that 😊
BTW, it would be a lot more difficult to buy any property in Campione. This Old Dog just keep bringing us some piped dreams for us from his travels. LOL! But thanks to @kus-knee at least we get some stuff to dream on. (Some say dreams are good for health. Personally, I feel more healthier after such beautiful dreams. For me, this is a sort of health blog. Ha Ha!)
Yes the world is a strange place. I have no dream of going to Campione as I prefer a cabin in the woods!