Income tax is often the largest cost item in an international assignment. An accurate determination of hypothetical and gross-up taxes is essential to the design of equitable expatriate compensation packages.
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[fa icon="calendar'] May 21, 2019 @ 05:30 AM / by Michelle Curran
[fa icon="calendar'] May 08, 2019 @ 09:51 AM / by Jeremy Piccoli
The United States has the ignominious distinction of being one of only two countries in the world (along with Eritrea) that implements citizenship-based worldwide individual taxation.
[fa icon="calendar'] Apr 25, 2019 @ 07:40 PM / by Morgan Grenier
Kuwait City, Kuwait as seen during a recent AIRINC cost of living survey.
Gulf Cooperation Council (GCC) member countries first agreed to collective tax reforms in 2016, including directives to implement a VAT of 5%, as well as excise taxes, also known as selective taxes, and commonly referred to as “sin taxes.”
[fa icon="calendar'] Apr 25, 2019 @ 03:12 PM / by Michelle Curran
[fa icon="calendar'] Apr 11, 2019 @ 11:00 AM / by Michelle Curran
[fa icon="calendar'] Feb 14, 2019 @ 01:36 PM / by Jeremy Piccoli
Shanghai, China as seen during AIRINC's recent cost of living survey. Photo taken by AIRINC surveyor Samuel Pearl Schwartz.
The Chinese government enacted amendments to the individual income tax law and implemented them in two phases – October 1, 2018 and January 1, 2019. The changes that went into effect October 1, 2018 amended tax rates and tax brackets, and increased the monthly basic deduction.
[fa icon="calendar'] Jan 08, 2019 @ 10:00 AM / by Jeremy Piccoli
As part of the IRS contingency plan for a government shutdown, the treasury department is recalling 46,000 people, roughly half of the IRS workforce. These workers are expected to report for work without pay and without a clear plan from the U.S. government to compensate them with back-pay once the government does reopen.
[fa icon="calendar'] Oct 19, 2018 @ 10:00 AM / by Amber Chan
Value-added tax (VAT), known as “Taxe sur la valeur ajoutée (TVA)” in Algeria, is applied to most goods and services. Algeria’s Finance Act 2017 increased the standard rate from 17% to 19% in January 2018, and the reduced rate from 7% to 9%.