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Hong Kong on $312.30 per day

November 21, 2008

The IRS has updated the amount of housing allowances for computing the foreign earned income exclusion for overseas employees for 2008 (Notice 2008-107). The amounts are based on living costs in these cities.

At 312.30 per day, or $114,300 annually, Hong Kong is the priciest location. Other expensive cities include Paris, at $273.50; Tokyo, at 257.38; and Moscow, at 248.36.

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