News from GTN

June 2017: Pros and Cons of Short-Term International Assignments

Companies often define a short-term international assignment as an assignment of greater than 30 days, but less than one year. For U.S. tax reporting purposes, a short-term assignment can be for up to one year in length. As with most business decisions, there are possible benefits and potential traps to consider when looking to send an employee on short-term business travel.

Read more | June 2017


April 2017: Post Tax Season Checklist

This newsletter provides a summary of the key tax points from the first 2017 UK Budget Statement based on the documents released on 8 March 2017.

Read more | April 2017


March 2017: UK Spring Budget 2017

This newsletter provides a summary of the key tax points from the first 2017 UK Budget Statement based on the documents released on 8 March 2017.

Read more | March 2017


February 2017: France - Withholding Tax System for 2018

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.

Read more | February 2017


January 2017: Tax Support for Permanent Transfers

Ensuring employee satisfaction during an international permanent transfer is no easy feat for global mobility program leaders. In this month's newsletter, Brett Sipes, Branch Director from our GTN Pacific region, provides an overview of tax services to consider when you transfer employees internationally.

Read more | January 2017


November 2016: US Election 2016 – Potential Individual Tax Law Changes

With the election of Donald Trump as the 45th president of the United States, and both the House and Senate remaining in Republican control, it is likely changes will be made to US tax laws for both individuals and corporations. In addition, President-elect Trump’s pledge to repeal and replace the Affordable Care Act (ACA) will result in changes to the ACA related tax provisions.

Read more | November 2016


October 2016: Year-End Compensation Collection

At least annually, a thorough review of global compensation items should be performed for the full calendar or fiscal tax year in both home and host countries to ensure all taxable items have been collected, coded for taxability, and reviewed for applicable tax gross-ups in accordance with the company's relocation policies.

Read more | October 2016


September 2016: Managing Global Assignment Risk

As you may already know, it can be very expensive to send an employee on an international work assignment. Housing, transportation, cost of living allowances, and dependent education are just some of the allowances that contribute to the high cost of an international assignment.

Read more | September 2016


August 2016: Why Plan Ahead for International Assignment Tax Costs?

As you may already know, it can be very expensive to send an employee on an international work assignment. Housing, transportation, cost of living allowances, and dependent education are just some of the allowances that contribute to the high cost of an international assignment.

Read more | August 2016


July 2016: Brexit: Implications for Mobile Employees

Since the EU referendum result, in which the UK voted to leave the EU with an overall 52% to 48% majority, mobile employees and their employers are concerned how this will impact them, both personally and financially. This month's newsletter provides an overview of the implications of Brexit for mobile employees.

Read more | July 2016


June 2016: Mobile Employee Pay Delivery Options

One of the most difficult aspects of a supporting a globally mobile employee is delivering their pay. This newsletter highlights the benefits and drawbacks of each option and provides a summary of other issues to consider when delivering pay to globally mobile employees.

Read more | June 2016


May 2016: Foreign Bank Account Reporting

US persons with financial accounts maintained outside the US must report these accounts to the US Department of the Treasury annually (on or before June 30) if the balance exceeds a certain level during the year. The accounts are reported annually on Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts (FBAR). Due to continuing media attention of efforts to improve compliance in this area, individuals are becoming more aware of the filing requirements.

Read more | May 2016


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