GTN Mobility Tax Blog

Tax equalization is a policy widely used by companies with mobile employees. At its core, tax equalization is a mechanism to ensure that an employee is neither better nor worse off financially, from a tax perspective, for having accepted an international assignment. However, there are many misconceptions about what exactly it means to be “tax equalized.” As one example, some companies will try to avoid the policy because they think it will automatically lead to high company costs and administration.

Despite COVID-19, remote working, and many adjustments we have all had to make in 2020, we are excited to announce that GTN is collecting toys for Toys for Tots again this year! 2020 has been difficult for many families due to COVID-19 so it is more important than ever to help spread happiness this holiday season. Help us support the Toys for Tots mission of helping to bring the joy of Christmas and to send a message of hope to America's less fortunate children.

While COVID-19 continues to impact the world of business travel, there are still many companies with mobile workforces. Essential business trips didn’t stop when the pandemic hit for employees who continued to travel due to the nature of their job responsibilities. And in the current world climate, “mobile workforce” now includes remote working, work from anywhere, and commuting—all of which have seen an increase in popularity during the pandemic. While these work situations may be somewhat temporary, there are still tax risks and compliance requirements that need to be addressed.

With many employees now working remotely or working from home, is your organization ensuring the same level of data security that you would enforce if employees were working in a physical office location? The COVID-19 pandemic has caused major business disruption and forced many companies to shift their culture and move towards a new way of working. With that has come new procedures for business continuity and recovery planning that may not have been considered before.

To say these are unprecedented times would be something of an understatement. GTN, along with our friends and affiliates in the mobility industry, was built on the movement of human capital around the globe for business. To date, the worldwide spread of the coronavirus (COVID-19) is proving to be the exact opposite with countries shutting borders, banning travel, and restricting social interaction.

UPDATED: February 7, 2020 

On January 31, 2020 the UK left the EU and has entered into an 11-month transition period. Now that this departure has taken place, it is a good time to carefully review the impact this will undoubtedly have on employees assigned to the EU.