Really a lot of people around me who migrated overseas come back to Singapore.

[1 Ghz]

Wow! Mervyn is indeed smart! Two of my friends worked in America for couple of years. Upon returning to Singapore, the higher level director did not apply for a green card throughout and the middle level manager gotten a green card. So I asked the middle level manager didn't he subjected to double taxation working in Singapore. He told me his annual income below $120K USD limit... Guess he won't be asking his boss for a raise for a long time... until he gives up his green card... Maybe now I know why his position is pretty safe from retrenchment... These people are really smart.

He can't stay outside the USA forever; can apply for 2 year re-entry permit but not possible to keep reapplying continuously...

Alot of banks also don't want to deal with US residents (that includes green card holders outside USA) due to FATCA.

Dealing with IRS is no joke.


https://www.bogleheads.org/wiki/US_tax_pitfalls_for_a_US_person_living_abroad

 

[coyote]

He can't stay outside the USA forever; can apply for 2 year re-entry permit but not possible to keep reapplying continuously...

Alot of banks also don't want to deal with US residents (that includes green card holders outside USA) due to FATCA.

Dealing with IRS is no joke.

Simply, companies do not want to pay double tax for such candidates and it made them less attractive. A Singaporean with green card is even more unattractive than Singaporeans. Thud unless these Americans or Green card holders have real super talents the company seeks, it not easy to find a job in Singapore that pays their double tax.

 

[1 Ghz]

Simply, companies do not want to pay double tax for such candidates and it made them less attractive. A Singaporean with green card is even more unattractive than Singaporeans. Thud unless these Americans or Green card holders have real super talents the company seeks, it not easy to find a job in Singapore that pays their double tax.

If the greencard holder is working for the Singaporean entity of the US company, that entity will typically just pay the greencard holder his salary, how he pays it to IRS or IRAS is his responsibility.

So it's up to the employee to decide if it's worth paying US taxes on his SG income.

 

[SGRevolution]

if he got no US PR, he dont need worli paying tax to unker sam mah

but if his got US PR also easy lah, just make Coy pay him max of 120k USD/year in SG, so he can declare and pay tax in SG w/o paying tax to unker sam since first 120k USD earned overseas is not taxable

anything above that, give stocks loh. u dont pay tax for stocks unless u sell

then if need $$ just take bank $$ loan and borrow against the stocks

at most pay 2%~4% interest nia base on his background/networth

loophole many many, no need worli in life rah

murica sexpert mervyn spotted

 

[cyke69sg]

Oyster -- The World which includes S'pore, isn't it

The world includes every country and city.

Might as well say
Little India = Singapore also.

 

[homer123]

My cousin migrated to Australia a decade ago came back here. He say salary wise here more competitive and also want his children to grow up in the environment here.

My neighbor's son and his wife who migrated to Australia also now back and staying with his parent.

One of my fren migrated to NZ a couple of years ago and another one who migrated to UK all now back here.

Grass is always not greener on the other side?

Many who joined the US tech giants in the last few years and have to come back due to massive layoff

 

[homer123]

I renounced my SG citizenship. Very dumb of me

Now can never go back SG to live and work.

Regret.

Sad case for you!... I am planning to return to Spore as a retiree using it as a base to travel around Asia

 

[anchoraz]

Many after 40 then come back 1. Cos no need reservist liao. Smart sia.

 

[cyke69sg]

Sad case for you!... I am planning to return to Spore as a retiree using it as a base to travel around Asia

Had a CNY dinner with 2 friends last weekend.

We discussed possibly moving to Thailand and using it as a base to travel around Asia too.

But personally I have still have my mission to earn as much money as I can for my kids. Maybe another 10 years the kids can also FIRE with us in Thailand.

See how.

 

[Racking2322]

Migrate only if u marry AM

 

[Racking2322]

Had a CNY dinner with 2 friends last weekend.

We discussed possibly moving to Thailand and using it as a base to travel around Asia too.

But personally I have still have my mission to earn as much money as I can for my kids. Maybe another 10 years the kids can also FIRE with us in Thailand.

See how.

Thailand near Myanmar

 

[cyke69sg]

Thailand near Myanmar

Yeah has its problems.

But SG is also expensive to live in if you don't have very large income from stocks or bonds or have a paying job in SG.

Only SGreans and very rich people from overseas can retire in SG.

 

[Racking2322]

Yeah has its problems.

But SG is also expensive to live in if you don't have very large income from stocks or bonds or have a paying job in SG.

Only SGreans and very rich people from overseas can retire in SG.

Then choose the less evil

 

[Racking2322]

My cousin migrated to Australia a decade ago came back here. He say salary wise here more competitive and also want his children to grow up in the environment here.

My neighbor's son and his wife who migrated to Australia also now back and staying with his parent.

One of my fren migrated to NZ a couple of years ago and another one who migrated to UK all now back here.

Grass is always not greener on the other side?

My cousins migrated to Australia more than 10 years ago. All never came back.

In the end, must see stats one

 

[coyote]

If the greencard holder is working for the Singaporean entity of the US company, that entity will typically just pay the greencard holder his salary, how he pays it to IRS or IRAS is his responsibility.

So it's up to the employee to decide if it's worth paying US taxes on his SG income.

If you are the green card holder, you'll need to have higher motivation like higher salary to work in Singapore. if you have to born the cost of double taxation, then you will have no motivation to work in Singapore. Or you don't want your boss to give you a raise to above $120,000 a year. That's why it's actually not good to have green card, unless your drawn salary is low. Such is the dilemma of Singaporeans getting green card. The only reason of getting green card is to eventually becomes Americans...

 

[cyke69sg]

Then choose the less evil

I am already in Canada. So maybe retire in Canada?

Thing is I am not thinking of retirement. Still working hard to try to get whole family retired. Help kids FIRE in Canada also.

But at the rate inflation is going......unless there is significant deflation it is going to be hard.

 

[cyke69sg]

My cousins migrated to Australia more than 10 years ago. All never came back.

In the end, must see stats one

My sister and parents migrated to Canada about 5 years ago. All went back to SG.

Where got stats? Who tracks this sort of thing?

 

[cyke69sg]

If you are the green card holder, you'll need to have higher motivation like higher salary to work in Singapore. if you have to born the cost of double taxation, then you will have no motivation to work in Singapore. Or you don't want your boss to give you a raise to above $120,000 a year. That's why it's actually not good to have green card, unless your drawn salary is low. Such is the dilemma of Singaporeans getting green card. The only reason of getting green card is to eventually becomes Americans...

hmm maybe can ask @eleewhm on this?

 

[Racking2322]

My sister and parents migrated to Canada about 5 years ago. All went back to SG.

Where got stats? Who tracks this sort of thing?

Yes tats y all is anecdotal cos my side, those went canada Australia none came back.

 

[cyke69sg]

Yes tats y all is anecdotal cos my side, those went canada Australia none came back.

Maybe cos they renounced SG citizenship? Like me cannot go back?