AIRINC is delighted to invite you to participate in a benchmark survey focused on executive relocation practices. The survey primarily focuses on US domestic moves but also touches on international one-way relocations and two-way assignments. Responses are anonymous and participants will receive a copy of the results. We hope you can join us!
Hong Kong has been subject to ongoing street protests since June 2019. The protests have led to varying degrees of disruptions in daily living for residents, a sharp reduction in tourists visiting the city, and most recently, an economic downturn considered to be the worst since 2008.
China has implemented measures that generally reduce social security contributions. The reductions are primarily targeting employer contributions to the social insurance programs and are part of a multi-year effort to unify pension systems at the national level. However, the social insurance wage base has increased in Shanghai, resulting in an increase in employee contributions to social security for Shanghai taxpayers. The net effect is a reduction in income tax for Shanghai taxpayers as the increased employee social contributions are deductible.
The United Kingdom and Switzerland have completed a transitional agreement to maintain social security rights in the event of a no-deal Brexit. The deal also preserves working privileges, residency rights, and freedom of movement between the two countries.
This year’s Global Workforce Symposium marked Worldwide ERC’s triumphant return to “Beantown” and, in my opinion, lived up to the billing of #besteverGWS. With the conference in our home city, AIRINC had the opportunity to kick-off the week with a breakfast and duck boat tour for attending clients and mobility professionals.
It's time to reduce the administrative burden of researching and calculating allowances, and ensure consistency across your organization! Now you can:
Please join our upcoming webinar featuring guest speaker Sarah Hunt, Director of Global Mobility and Equity Compensation, Mondelez.
AIRINC, the leading provider of Talent Mobility data, and uFlexReward, an exciting new HR software company with a unique digital solution for reinventing total reward, have signed an agreement to embed AIRINC data into the uFlexReward solution via AIRINC’s proprietary API.
Do you have assignees based in Hong Kong? If yes, is the recent instability having an impact? Many of our clients are seeing an increase in calls from concerned assignees asking to discuss their situation. Potential options such as a transfer to another location, increased flexibility to work from home, security briefings, and more, along with the impact of these options on their assignment policy.
The Tax Cuts and Jobs Act (TCJA) that went into effect January 1, 2018 included a provision that limited the amount of state and local taxes (SALT) that are deductible for Federal tax purposes to $10,000 per year (previously uncapped). The SALT limit disproportionately impacted middle-to-high income residents of high-tax states that pay more than the new $10,000 limit.