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.
Sending business travelers on tax-equalized assignments around the globe often makes good business sense, but how to account for the tax costs associated with assignments can be challenging. To ensure incremental tax obligations don’t take you by surprise, it helps to have a process in place so you’ll be prepared for the additional expenses your mobile workers trigger along the way. To do this, many companies implement an accrual solution.
As coronavirus (COVID-19) continues to spread around the globe, many companies are beginning to issue travel bans on their staff—or certainly banning non-essential travel. Companies are also working to determine next steps for mobile employees who are on extended business trips or longer-term assignments. These employees may find themselves stranded in a location other than their Home country or their company may be trying to evacuate them from a “hot area.”
International Women’s Day is recognized each year on March 8. This day celebrates the social, economic, cultural, and political achievements of women around the globe. In honor of this day, we wanted to share recent articles written by some of GTN’s amazing women.
It’s important for global companies of all sizes to be aware of tax obligations whenever an employee crosses a border. Remembering to check into possible tax exposure is critical to ensuring your employees are informed and to allow your company to mitigate potential risks. There are three common mobile employment scenarios that your company should understand and be prepared to handle.
The number of businesses choosing to move employees abroad, as part of their efforts to increase their international presence, is increasing each year. Unfortunately, some businesses are exposing themselves to unnecessary risks when it comes to tax compliance in the Home and Host countries of those employees by failing to have a plan in place to avoid mobility tax problems. Below are five common mistakes made by employers who move employees abroad.