My husband and I (and two kids) will be moving to HK in January. I appreciate all the info. you have all provided on this forum, especially concerning taxes (HK and US) and banking. We are Americans and will be required to pay both US and HK taxes but just found out that my husband's company will be paying our HK taxes for us and that we will only be responsible for our US taxes. They are also providing us with an accountant to handle our taxes while we are here - everything just seems too confusing to me. Of course, we haven't met with the accountant yet but from what I have been reading on this forum, we are only responsible to pay taxes for any amount past $80,000?
With free housing (free utilities too), free medical, paying taxes only on amounts past $80,000 and a significant pay increase (the job is a promotion) as well as an additional cost of living adjustment - I think we should be financially better off here and save a lot of money. Does that seem right to all of you or am I missing something?
Thanks for any feedback you can provide.