In 2018, the United States declared its intention to withdraw from the Universal Postal Union (UPU), a 192-member body which regulates global mail service. The precipitating event was the growth of e-commerce and a shift for the U.S. from net sender to net receiver of international mail.
With the COVID-19 pandemic and the interconnected fall in global oil demand in the first half of 2020, many locations throughout the world are experiencing price changes and shortages of goods and services items.
Data Points brings you the latest updates from our Housing, Goods & Services, and Tax departments. These highlights are based on our expert international surveys, which are conducted on location by our global data collection team.
During my Abidjan survey this past February, I found Ivorians to be friendly, often greeting me with “Bonjour Monsieur!” Shopping malls are expanding as new brands arrive in the Ivory Coast market, and good security provides safe areas for expatriate shopping.
COVID-19's impact continues to spread and we are following it closely. We know that this is impacting you, your assignees, and your business, and that you're likely finding more questions than answers.
COVID-19 Tax Responses: OECD Guidance The Organization for Economic Cooperation and Development (OECD) Center for Tax Policy and Administration (CTPA) has drafted guidance regarding tax implications of travel restrictions and remote working as a result of COVID-19. The OECD provided three scenarios under consideration, and their recommendation and analysis
AIRINC Housing Update: Below are select snapshots of rental markets around the world. These updates are taken from AIRINC's on-site surveys conducted during the first quarter of 2020.
AIRINC is closely tracking COVID-19's impact on Global Mobility. The world is rapidly changing in response to this far-reaching event. To help, we have launched two landing pages to help guide your Mobility decisions and keep abreast of the latest news and research:
Around the world, many individuals have been working from home for weeks or months. Virtually overnight, entire workforces became “remote.” In our 2020 Mobility Outlook survey (conducted prior to the COVID-19 pandemic announcement), we saw that 64% of companies were seeing an increase in remote work requests (global and domestic). Most of those companies handle requests on a case-by-case basis and only 7 percent have a policy to address remote work. We anticipate remote work requests may increase after shelter-in-place orders subside and we interviewed AIRINC’s tax directors, Pat Jurgens and Jeremy Piccoli, to shed light on tax and other regulatory issues to consider when evaluating the company’s stance on remote work.
Relocating is already a challenge, but relocating during a pandemic adds a new level of difficulty. After years of surveying based in AIRINC’s Cambridge office, I was honored to accept a position at our Hong Kong branch late last year. From the beginning, I was excited to move to a vibrant global city, but the logistics proved more challenging than expected as a novel coronavirus (at the time still unnamed) spread in January. Even before being declared a pandemic, COVID-19 was having a broad and unpredictable impact across the globe.