AIRINC Global Tax Director Pat Jurgens joined Benivo’s 'The View from the Top' hosted by Brian Friedman on February 10th,2021 providing an update on global mobility tax. Pat and Brian were accompanied by immigration expert Julia Onslow-Cole, and special guest Eric Tate, the East Region Vice President of Aires.
Tax policy seems to be moving in opposite directions in 2021, depending on the location. For example, Russia is among the countries that is raising taxes with a new progressive tax rate schedule, and new top rate of 15%. Kenya had cut taxes in 2020 but is reverting to their previous higher rates in 2021. Meanwhile countries such as Czechia and Croatia are cutting taxes.
In 2021 countries are expected to try to find a balance between providing relief to taxpayers, while also addressing the need to collect revenue to pay for the financial costs of the Covid-19 pandemic. The key to this difficult balance will be in the timing and scope of tax law changes, i.e. who will pay more and who will pay less.
Pat’s tax “crystal ball” predicted the only certainty for global taxes in 2021 would be uncertainty.
Immigration expert Julia Onslow-Cole discussed how some countries such as Barbados, the Bahamas, Bermuda, and the UAE are attempting to attract foreign remote workers to live and work remotely, so long as their employment meets certain conditions. And special guest Eric Tate discussed his career at Aires, how they have worked through the pandemic, and what he sees for Global Mobility’s future.
Listen | Partner | Deliver. For over 60 years, AIRINC has helped clients with the right data, cutting-edge technology, and thought-leading advice needed to effectively deploy talent worldwide. Our industry expertise, solutions, and service enable us to effectively partner with clients to navigate the complexity of today’s global mobility programs. As the market continues to evolve, AIRINC seeks innovative ways to help clients address new workforce globalization challenges, including mobility program assessment metrics and cross-border talent mobility strategy. Our approach is designed with your success in mind. With an understanding of your goals and objectives, we ensure you achieve them. Headquartered in Cambridge, MA, USA, AIRINC has full-service offices in Brussels, London, and Hong Kong. Learn more by clicking here.