This animation explains what will happen to your rights to an old-age pension if you live and work in more than one country of the European Union or in Iceland, Liechtenstein, Norway and Switzerland. In particular, what happens to contributions paid in one country if you then move to another country? And which country will pay your pension when you reach retirement age? EU rules on social security coordination enable you to move around Europe and not lose out on your social security rights.
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great news for the youth who want to work abroad. it really gets simplified.
This is great! I think the EU must also harmonize taxes more because right now there are many problems with double taxes. For example when someone lives in Luxembourg but has a company just inside Dutch border. You get cases that both Luxembourg and The Netherlands will try to collect taxes. It takes a lot of work. I think it's more efficient if there will be central laws from EU about taxes. But each country must be able to choose the percentages of their own taxes.