{ "media_type": "text", "post_content": "US expat fish: do any of you know what the consequences are of taking a non-USD denominated salary? Just got an offer to get paid in local, not USD. Beyond exchange risks, are there other concerns?", "post_id": "5ab8fffaa1bab50013ccbd83", "reply_count": 7, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

US expat fish: do any of you know what the consequences are of taking a non-USD denominated salary? Just got an offer to get paid in local, not USD. Beyond exchange risks, are there other concerns?

Posting as :
works at
You are currently posting as works at

I was paid in CNY in a past life, and the only real annoyance was adjusting significant transactions to USD using a floating exchange rate (when filing taxes). If the rate is pegged, I wouldn’t expect any challenges


Additional info: the offer is in a local currency that’s pegged to USD, so risk of exchange rate fluctuation is limited to sovereign default, and the local country is very stable.


Lose transaction fee for forex conversion if you intend on returning to the US (it's usually based on how much you transfer, either staggered or dollar for dollar), you miss out on pre-tax investment vehicles (eg 401K), and be careful about what the US would consider as income (for eg if you get subsidised housing, IRS could consider that subsidy as income and tax you accordingly). Re transfer fees - just browse your bank's website for the fee structure. It's all public. Also try to avoid Citibank if you can, and look into transferwise.


BCG1, it’s actually $104K now (thank you, tax cuts!) AP1, Transferwise looks awesome...too bad they don’t take AED. Will definitely sign up for updates though. Overall, looks like I was worrying about nothing. My bank charges no fees on incoming wire transfers internationally and uses the current market rate for exchange. Since AED is USD pegged, I should be fine. I just need a low cost local bank and I’m good to go.


Which country? I believe you still have to pay taxes on any income generated outside the US if you’re a citizen, correct?

UAE. No income tax, and AED is dollar pegged. I’m really wondering if banks typically charge a flat fee to convert currencies. I’d hate to have my bank skim half a percent off every dollar I send home.

Just don’t forget you still owe US taxes (if making above ~90k)

Related Posts

Guys. Amex platinum vs Chase Sapphire Reserve? Amex is offering 60k bonus and chase is offering 50k


Overheard an Indian Partner out of the FSO Data and Analytics - NYC practice brag about how he takes advantage of all the benefits without contributing to sales!...there goes my bonus.


Moving from US to Israel: big4 salary in Audit or Tax? Cost of living? Anyone experienced in this subject?


JPM people - what were bonus bucket numbers for a first year last year?

Manager 2nd Salary? Thoughts? Combined experience ~9 years!


Senior 3 /Manager 1- big 4(Tech consulting/ Cyber) in Toronto: any thoughts on the average compensation?

VPs in PR - what’s the salary range I should be anticipating for a promotion? 10 years experience, really solid, high profile and niche specialty experience

What is the average salary for someone working in Ad Operations for 10 years in NYC from Senior-Level to Director Level?

Salary for Technical Director for NYC/PA area?

What's a good salary/range for a senior media manager on the client side in Providence, RI?

Anyone hear of DayBlink? What’s their reputation, strengths/competencies? Having a conversation right now. Salary would be a 30% boost

State Street Cloud Practices - anyone has insight on where they going and what is the salary like for cloud architect ? Simply put, is it good place for exit?

What is the average campaign manager salary in NYC?

I have a recruiter pushing me to interview with CFGI. Can anyone provide info on the firm? Culture, comp, growth, what they actually do.... Thanks!

What would be a reasonable salary for a freelance account sup? Any input/experience negotiating in this area?

Can I do an internal rotation in HR/Marketing while my h1b is being transferred to a future employer? My designation / salary may change.

Senior Creative team salary in London at a big agency? Ideas?

My current role in my group isn’t a challenge and salary may be limited. I’ve only been with group 1 year and need to show managerial experience to elevate? Do I talk to manager about advancement?

Curious to know what the salary ranges are for AE, SAE, AS positions in town. Does Account fall super low on the spectrum in comparison to other departments at your agencies?

Additional Posts

Living it up in the city.

Linda fjfhfjf djjfjd djjfjd djjfjd djdjdjjd djdjjdjdjdj djdjd. Fend id didn't dish hen djdjdjjd did dishes djdjd djdjdjjd dj djdjd s djdjjdjdjjdjdjdndh do djdjjdjdjjdjdjdndh djdjdjjd djdjjdjdjdj djjjd


Post new user


Changed my company but it didn't update!

Part of the crowd. The briefcase doesn't show in post details though.


Comment on this to test rereply notif

But once again not posting


Still not seeing location in the post window when turning it off.

Posting from the top side.

Testing for sound!

Yeah you're right. It cuts after two lines instead of expanding.


Maybe we should implement something like automatic posts refresh? I got a notification about "someone like mypost" but it isn't displaying at the post title...


Ahh it is posting but into middle of feed as opposed to top.


Top top post!


Where is a new build???


Fhhbbbbjjnnnnnnsn dnnsndjjjd dhjhdjjdjdjdjnd dhjhdjjdjdjdjnd djjfjdjjdndndnnfnd dhjhdjjdjdjdjnd dhjhdjjdjdjdjnd djjfjdjjdndndnnfnd djjfjdjjdndndnnfnd now djjfjdjjdndndnnfnd do. D dndnnfndnnsdhjdjdjdjnd


I've heard of Delta's unspoken rule about flat tires and waiving the fees for the next available flight, but what if wanted to return home a whole extra day? Any advice?


The transition from alt travel to project travel...things are so much more enjoyable when charged to the Amex!


9 hours laters, I've watched how to the other half lives in LGA's third world terminal. It's terrifying


Don't even care that I am going to be waking up at ungodly hours and that i'll be running a project for my least favorite client... because I'll be in Chicago baby!


New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here


Embed this post

Copy and paste embed code on your site


Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or