Human Resource (HR) departments are implementing global mobility programs designed to manage complex international relocations. However, the activities of individuals in foreign locations can create a variety of both individual and corporate level tax issues for the enterprise, depending upon the circumstances.
The #1 job of the global mobility tax program is to effectively deploy human talent to the location the service provider is needed in a cost effective and efficient way. However, the corporate tax department’s responsibility is typically broader: Managing corporate level tax liabilities and engaging in upfront planning involving all international business in order to reduce the organization’s overall effective tax rate. And, top management typically taps the corporate tax department to manage compliance risk for all domestic and foreign tax liabilities, i.e., they are ultimately responsible for any tax-related problems that arise.
Tax Directors - Listed below are the top 10 global mobility issues that need to be on your radar