Mid-size businesses undertaking global expansion often consider jurisdictions like Hong Kong & Singapore due to their low tax reputation. But the low headline income tax rate often shields a high cost of living & doing business. This article reports on Mercer's annual survey of the costs for expatriates to live in various cities. The message: consider the full picture for a successful entry into a foreign market
Mercer has been conducting the survey for more than two decades using New York and the US dollar as its base city and currency.The consultancy compares the cost of a basket of over 200 goods and services, including food, transport and accommodation.