PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: International Bureau of Fiscal Documentation

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

IBFD Launches Global Mobility on Tax Implications of International Assignments - IBFD’s newest online collection, Global Mobility, is a practical guide to assist in the management of tax obligations and liabilities related to international assignments - IBFD.org
IBFD Launches Global Mobility on Tax Implications of International Assignments

 

NewswireToday - /newswire/ - Amsterdam, Netherlands, 2014/03/13 - IBFD’s newest online collection, Global Mobility, is a practical guide to assist in the management of tax obligations and liabilities related to international assignments - IBFD.org.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The rise of short-term cross-border assignments
An increasingly global and integrated economy means an increasingly mobile workforce. The number of globally mobile workers has increased several fold in recent years, and is likely to continue to do so.

Further, it is estimated that the number of people going on traditional assignments (for instance, fixed terms of more than one year in a single location) is declining. It appears that an increasing number of cross-border assignments now take the form of long-distance commutes and short-term missions.

Multiple risks of tax exposure
As a consequence of this increasing mobility, employees and their employers may be exposed to various tax risks. An employee may be subject to taxation in multiple countries (home, host and any third country to which he travels for work), and tax obligations also often continue long after an assignment is complete and the employee has left the host country. These liabilities are usually borne by the employer, and if they have employees in many jurisdictions, the obligations and related liabilities would increase exponentially.

Corporate employers are also exposed to tax risks arising from their employees’ presence and activities in other countries, especially the risk of a permanent establishment, in which case the financial cost of global assignments will extend far beyond mere employee costs. Obviously, the risk of such an exposure would be especially high for corporations with employees moving around multiple jurisdictions for variable periods of time.

Global Mobility takes a unique employer’s perspective on international assignments
For many corporations, the management of employee taxes and administrative obligations has reached a level of complexity that requires large teams of dedicated personnel. Of all expenses related to cross-border assignments, tax has been singled out as being the most significant.

With the rise of many short-term assignments and the complex situations this creates, companies are increasingly confronted with avoidable penalties for non-compliance in tax, payroll and immigration matters.

Unsurprisingly, companies are often advised in human resource literature and by human resource associations to consider outsourcing the management of international assignments to specialized consultants, because they provide access to their global resources and knowledge. Undoubtedly, information on fast-growing economies with rapidly evolving tax laws, especially in parts of Asia, would be difficult to obtain otherwise.

Global Mobility aims to assist employers as well as international assignment service providers in obtaining an overview of the tax issues that arise from an international assignment, and in determining in advance the potential tax liability that will arise in selected jurisdictions under a variety of scenarios such as business trips, short-term and long-term secondments, etc.

It provides in particular:
• The detailed tax treatment of employment income that is required for tax provisioning or hypothetical tax calculations for tax-equalized remuneration
• Tax compliance requirements for both employees and employers
• Key information on the domestic tax and social security reporting requirements in the selected jurisdictions, for both the employer and employee, to prevent the incurring of administrative fines and penalties

With this information at hand, employers will be better equipped to manage their tax exposures in relation to employment tax liabilities, tax and social security compliance obligations and avoid the risk of creating a permanent establishment.

On a more practical level, it also enables employers to structure the employment benefits of globally mobile employees to take advantage of available preferential and concessional treatments of different types of remuneration, including benefits in kind and equity-sharing plans.

For more information contact Sophie Witteveen, Publisher: +31-20-554 0182

About IBFD
IBFD (ibfd.org) is a leading provider of cross-border tax expertise, with offices in Amsterdam, Beijing, Washington and Kuala Lumpur. IBFD serves Fortune 500 companies, governments, international consultancy firms and tax advisors. Renowned as the authoritative centre for cross-border tax expertise, IBFD utilizes its Knowledge Centre and global network of tax experts to remain at the forefront of global tax information.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: International Bureau of Fiscal Documentation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


IBFD Launches Global Mobility on Tax Implications of International Assignments

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Berenice Herisson - IBFD.org 
+31 20 554 0327 marketing[.]ibfd.org
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any International Bureau of Fiscal Documentation securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From International Bureau of Fiscal Documentation / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico
TRA Searches for TPA Acquisition Opportunities

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)