GTN Mobility Tax Blog

Accurately budgeting and accruing for tax equalized assignment costs is essential to reduce year-end surprises and for keeping your mobility program financially predictable. The initial tax cost projection is the starting point which considers key elements of the assignment compensation package. However, the real challenge to maintain a reasonable accrual often comes with managing complexities that can arise once the assignment is underway. 

Throughout 2025, service remained at the heart of GTN’s identity, guiding how we engaged with communities both locally and globally. Beyond our day-to-day work, we stayed focused on supporting meaningful causes and making a positive impact in the communities we serve. This commitment reinforces the core values that guide our firm and our responsibility to contribute to a more equitable, sustainable, and resilient future for everyone.

When employees relocate across borders, whether internationally or within the US, they can face major tax complexities. A move from a low-tax location to a high-tax location, for example, can significantly increase their tax liability. Beyond this, they may face challenges related to the sale or rental of a home, moving expenses for state reporting purposes, residency issues, and a range of other tax considerations they may not be prepared to handle on their own.

This holiday season, GTN is proud to celebrate the eighth year of our cherished tradition partnering with Toys for Tots to bring joy to children in need.

Managing mobile employees comes with more than just logistical and HR challenges. It also requires careful coordination between your global mobility and corporate tax functions. Mobile employee activity can trigger corporate tax exposures such as permanent establishment risks or tax reporting obligations. At the same time, your company’s corporate tax position can directly impact the individual tax outcomes for your mobile employees.

On March 25, 2025, President Trump signed Executive Order 14247 (EO 14247), titled “Modernizing Payments to and from America’s Bank Account.” This directive aims to overhaul how the federal government handles financial transactions by transitioning from paper-based payments, such as checks and money orders, to secure, efficient electronic payment methods.

While the goals of this order are centered around security, cost-efficiency, and modernization, its implementation may pose challenges for mobile employees, especially those working outside the United States or without access to the US banking infrastructure. This article outlines what EO 14247 mandates, who it affects, and the important steps mobility program stakeholders should consider as the September 30, 2025, implementation deadline approaches.