AIRINC's tax experts have compiled an infographic of the countries that have the most progressive tax structures, the countries with the most regressive tax structures, and the countries with flat tax rate structures. All data was compiled with our international tax tools.
The Chinese government has enacted amendments to the individual income tax law, which will be implemented in two phases – October 1, 2018 and January 1, 2019. The changes that are effective October 1, 2018 include amending the tax rates, tax brackets, and increasing the monthly basic deduction.
The United States Internal Revenue Service has announced transitional tax relief for certain moving expenses. This guidance (IRS Notice 2018-75) is for employer reimbursements made after December 31, 2017 for qualified moving expenses incurred for a work-related move that occurred prior to January 1, 2018.
Short-term assignments may be appealing as a company does not have to pay to relocate an entire family and the tax bill can be lower. The key word here is “can,” as there are a number of complexities involved in taxation of short-term assignments.