On December 31, 2021, the Chinese Ministry of Commerce and State Taxation Administration jointly announced the extension of the preferential income tax treatment on expatriate fringe benefits through 2023.
Jeremy Piccoli

Recent Posts
Tax Implications of the U.S. Infrastructure Bill and Budget Resolution
Aug 17, 2021 @ 11:19 AM / by Jeremy Piccoli
On August 10th, the U.S. Senate passed HR 3684, “Infrastructure Investment and Jobs Act”, a $1 trillion bipartisan bill (69-30 Senate vote), clearing the way for a $3.5 trillion budget resolution that would allow Democrats to achieve their tax agenda with only their razor-thin Senate majority, bypassing the 60-vote procedural obstacle. The bipartisan bill will inject large federal spending on transportation, high-speed internet, clean energy, water, and environment.
NEW UPDATE: COVID-induced States of Emergency and the Tax Implications for U.S. Employers
Jun 30, 2021 @ 05:26 PM / by Jeremy Piccoli
Massachusetts, like many other states across the United States, has declared a state of emergency in regards to the COVID-19 pandemic. Typical components include mandatory social distancing, travel restrictions, and many other precautions. Concurrently, many Massachusetts businesses have adopted remote working arrangements as a measure to adhere to these precautions, and provide employee flexibility and safety.
U.S. tax developments: The American Rescue Plan and 2020 filing deadline extension [UPDATE]
Mar 23, 2021 @ 01:28 PM / by Jeremy Piccoli
On March 11th, President Biden signed the American Rescue Plan Act (ARPA) of 2021, representing a $1.9 trillion tax and spending package targeted towards economic recovery and health impacts of the coronavirus pandemic. The new law, supported and fast-tracked by Congressional Democrats and the White House, contains a wide array of provisions. Among those relevant to individuals, ARPA provides another round of direct stimulus payments to eligible taxpayers, temporarily increases several low and middle income tax credits, includes significant state and local assistance, funds vaccine production and distribution, and extends the federal supplement to state unemployment benefits through September 6, 2021.
U.S. tax developments: The American Rescue Plan and 2020 filing deadline extension
Mar 18, 2021 @ 05:02 PM / by Jeremy Piccoli
On March 11th, President Biden signed the American Rescue Plan Act (ARPA) of 2021, representing a $1.9 trillion tax and spending package targeted towards economic recovery and health impacts of the coronavirus pandemic. The new law, supported and fast-tracked by Congressional Democrats and the White House, contains a wide array of provisions. Among those relevant to individuals, ARPA provides another round of direct stimulus payments to eligible taxpayers, temporarily increases several low and middle income tax credits, includes significant state and local assistance, funds vaccine production and distribution, and extends the federal supplement to state unemployment benefits through September 6, 2021.
How do I accurately calculate an equitable new salary for U.S. Domestic Moves?
Feb 11, 2021 @ 08:26 AM / by Jeremy Piccoli
With respect to US domestic transfers, state and local income tax differences are of particular relevance for determining an equitable cost adjusted salary. Two individuals within the United States can have the same salary and family size and earn vastly different spendable incomes because of the different tax rates throughout the states and cities.
Australia: Decrease in income tax for all taxpayers
Jan 27, 2021 @ 02:55 PM / by Jeremy Piccoli
The Australia budget was postponed to October due to the COVID-19 pandemic. Retroactive to July 1, 2020, the income tax schedule was favorably adjusted, the low income tax offset increased, and the low and middle income tax offset (set to expire) was retained. The net effect is a decrease in income tax for all taxpayers.
A Harbinger of Remote Working Taxation: Massachusetts Extends Sourcing Regulation
Dec 18, 2020 @ 10:34 AM / by Jeremy Piccoli
On December 8, 2020, Massachusetts extended the guidance for sourcing of employment income that was set to expire on December 31, 2020. The emergency regulation officially extends the ruling to 90 days after Governor Baker lifts the state of emergency.
2020 U.S. State Ballot Measures and the Impact for Global Mobility
Nov 06, 2020 @ 07:55 AM / by Jeremy Piccoli
The results of the 2020 federal and state elections are likely to have a significant tax impact on individual taxation across the United States. The presidential and legislative races are still being decided, and federal tax law changes require a lengthy legislative process. However, this year’s election cycle includes some important state ballot measures impacting individual taxpayers:
UPDATE: COVID-induced States of Emergency and the Tax Implications for U.S. Employers
Oct 19, 2020 @ 02:52 PM / by Jeremy Piccoli
Massachusetts, like many other states across the United States, has declared a state of emergency in regards to the COVID-19 pandemic. Typical components include mandatory social distancing, travel restrictions, and many other precautions. Concurrently, many Massachusetts businesses have adopted remote working arrangements as a measure to adhere to these precautions, and provide employee flexibility and safety.