Recent changes in bank interest rates and tax laws implemented in 2020 are two of the biggest factors that fuel the rental market change for all payment systems in South Korea.
Considering the conversations in the news recently about wage growth and how to respond to the rising cost of living, I thought I would discuss a favorite tax ‘reward’ - more net take home pay.
Every quarter AIRINC provide a data points update on our cost of living research including housing, goods & services, tax and research locations.
A Selection of AIRINC Research Results: This quarter’s cost of living research was conducted primarily in Europe, Asia, and mainland Southeast Asia.
A Selection of AIRINC Research Results This quarter’s cost of living research was conducted primarily in Europe, Asia, and mainland Southeast Asia.
This past year, many companies have been presented with a pandemic-produced opportunity to relocate their office. Due to the attractiveness of remote work, cost of office spaces, and other factors, office relocations seem to be more popular than ever.
A Selection of AIRINC Research Results This quarter’s cost of living research was conducted primarily in Europe, Asia, and mainland Southeast Asia.
AIRINC’s global research methods were defined over 60 years ago. I am so proud of the thoughtful adaptations that we have made to our data collection and development to reflect the world that we live in today. This is a concerted effort that is weighed heavily and reviewed often.
AIRINC Housing Update: Below are select snapshots of rental markets around the world. These updates are taken from AIRINC's on-site surveys conducted during the first quarter of 2021.
In late August, Turkey increased a special consumption tax known as Özel Tüketim Vergisi (ÖTV). The tax primarily relates to imported luxury goods, which includes imported cars. The tax was first introduced in 2002. However, it increased in recent years due in part to Turkey’s economic downturn.
