News from GTN

July 2018: Tax Reporting for Permanent Transfers

In recent years, the mobility world has seen an increase in permanent transfers and a decrease in the use of long-term assignments. While many global mobility managers believe that a permanent transfer comes with less administrative tasks than a long-term international assignment, there are still a number of items to consider. Below highlights two common concerns faced by companies with permanent transfers. How to report moving expenses and relocation payments for payroll purposes; and How to handle trailing tax liabilities on bonus and equity income.

Read more | July 2018

June 2018: Going Global for the First Time?

There are a number considerations that need to take place when deciding to expand your business globally. For instance, establishing policies, formalizing a payroll process, and selecting vendors. Here we highlight these considerations so you can administer and support your globally mobile employees.

Read more | June 2018

May 2018: Tax Risks of Business Travelers

In today's workforce, it is common to have employees working on multiple projects across multiple states or countries. It is surprising to many that working outside of their resident home state for as little as one day may create tax reporting, withholding, and filing requirements. Unfortunately, states and countries do not currently follow a consistent set of rules in determining when non-residents become subject to tax and at which point company reporting and withholding obligations begin.

Read more | May 2018

March 2018: US Reporting of Foreign Assets

Are you a U.S. citizen or green card holder living overseas? Did you know that the U.S. is one of the few countries in the world that taxes based on citizenship rather than residency? U.S. citizens and green card holders are required to file annual U.S. income tax returns, reporting worldwide income and gains, no matter where they live in the world.

Read more | March 2018

February 2018: Five Common Misconceptions of International Social Taxes

Managing the tax costs of your mobility program is a critical component in your company's ability to remain competitive in today's global economy. Although income tax costs are often considered in panning for assignments, social tax costs are often overlooked. With combined employer and employee social tax rates outside the United States that can exceed 40% of salary, it is important to understand and proactively manage these costs.

Read more | February 2018

January 2018: Critical Information to Provide to your Tax Preparer

The rapid globalization of business and rising activity in developing markets has increased the need for companies to move people and source talent around the world. At the same time, it is almost impossible to turn on a news program without hearing about another jurisdiction that is in a debt crisis or on the brink of financial ruin. These jurisdictions are increasingly turning their attention to cross-border workers and financial accounts for sources of stability.

Read more | January 2018

December 2017: Local Plus Expatriate Policies

When a company begins to think about sending an employee on assignment, there are many factors to consider. One of the first considerations, and top of mind for both employer and employee, is expatriate compensation. While there are several approaches a company can take when deciding on expatriate compensation, the Local Plus approach is becoming increasingly popular.

Read more | December 2017

November 2017: Proposed US Tax Law Changes - Hypothetical Tax Withholding Updates

The long-awaited text of a US tax reform bill was released November 2, 2017, by the House Committee on Ways and Means. Following those principles announced previously on several occasions, it adds needed detail to the plan for tax reform. The draft bill is generally not good news for the mobility industry. The broad nature of change contained in the bill, and if signed into law, would affect nearly all taxpayers.

Read more | November 2017

October 2017: Year-End Payroll Reporting for Permanent Transferees

Actions you can take to help ensure compliance with payroll reporting requirements for permanent transferees.

Read more | October 2017

October 2017: France - New Withholding Tax System delayed until 2019

The French Finance Act for 2017 was adopted on December 29, 2016 introducing a new withholding tax system coming into force as of January 1, 2018. By the decree N° 2017-1390, on September 23, 2017, the implementation of the French withholding tax system on salaried income was officially postponed to January 1, 2019.

Read more | October 2017

September 2017: Data Privacy and Security

As mobile employees travel the world, they expect support from their employer, including safeguarding their personal and confidential information. Part of this support includes working with trusted partners and vendors that are putting data privacy and security at the forefront of their operations.

Read more | September 2017

August 2017: Avoiding Tax Equalization Surprises on Equity Income

The tax equalization settlement amounts when a U.S. outbound mobile employee has a large RSU award that vests can be significant. In this newsletter, we explain why these situations occur and solutions that may be available to mitigate having the employee owe the company.

Read more | August 2017

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