Many young Britons are considering fleeing Labour’s high-tax Britain. And in one European country, they can receive a tax break worth thousands of pounds just for relocating.
The Netherlands encourages employers to give staff recruited from abroad a tax-free allowance worth 27pc of their salary every year for five years.
That is on top of the one-off €7,750 (£6,429) tax rebate that foreign workers can request from employers to help relocating there – the Dutch government will even let you write off the cost of a moving van.
It is the main reason why highly-skilled British workers are favouring the country, says Arnold Waal of Orange Tax, an Amsterdam-based tax consultancy.
“Everybody uses it,” he says. Workers from abroad with a salary of more than €46,107 are only taxed on 70pc of their income. The maximum salary you can earn in the scheme is €233,000 a year.
Employers are keen to enrol foreign workers on to the scheme because it grants significant hiring power that the country’s top 50pc tax rate risks scaring away.
