Home » Latest » “Taxing Foreign Pensions A Bad Move”

“Taxing Foreign Pensions A Bad Move”

The Croatian World Congress has sent a strong message to the Croatian government, saying that its plan to tax foreign pensions of Croatians returning to live in Croatia is absurd, and will only result in killing what they say is the second largest stream of cash into Croatia’s economy after tourism.

Simun Sito Coric from the Croatian World Congress, which is made up of 30 associations from 30 countries around the world and is a member of the UN’s Economic and Social Council, said yesterday after the congress met in Zagreb, that taxing foreign pensions which returning Croats bring from overseas when they move back to retire in Croatia after living abroad, will only deter many from moving back. Coric said that Croatia’s Diaspora provided the ‘second largest branch of the economy” behind tourism.

The largest community outside of Croatia are the Croats in Bosnia and Herzegovina with around 650,000 there. The Croatian diaspora outside of Croatia and Bosnia and Herzegovina amounts to close to a million scattered around Europe, and a total of over 1.5 million in the world. The largest overseas community is reported from the United States and Chile, with about 400,000 members.

In Western Europe, the largest group is found in Germany. The German census reports 228,000 Croats in Germany as of 2006, but estimates of the total number of people with direct Croatian ancestry (including naturalized German citizens) range as high as 450,000.[



Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

[VIDEO] Kings of Leon Thrill 30,000 Fans in Zagreb

Day two of INmusic festival in the Croatian capital saw one of the festival’s main headliners take to the stage. Popular American band Kings of Leon played in front on around 30,000 fans last night at Zagreb’s Lake Jarun, and the fans were not disappointed. Formed in 1999 and made up of brothers Caleb Followill,...

Subway Returns to Croatia

American fast food restaurant franchise Subway is to make a return to the Croatian market. Subway, one of the largest fast food chains in the world, will be open for business in Croatia after more than a decade. Shortly Subway will open their first store again in Croatia at Zagreb’s Arena Centar shopping mall in...

New Zagreb Airport Guide

Tomorrow, on 28 March 2017, the brand new Franjo Tuđman International Airport in Zagreb opens to the public. The new €313m terminal, which had its opening for shareholders and guests last week, has taken three years to build and spans 65,000 square meters on four levels. It will finally be open for traffic tomorrow. As...

John Malkovich Coming to Perform in Zagreb

American actor and director John Malkovich, who has appeared in more than 70 films, receiving a number of Academy Award nominations, will perform in the Croatian capital Zagreb later this year. Malkovich, who has Croatian roots, will perform as a narrator alongside the solo performance of the young internationally acclaimed pianist Anastasya Terenkova on the...