How to reduce international assignment costs through international social security agreements

Article Abstract:

International Social Security Totalization Agreements make it possible to avoid double taxation resulting from social security insurance taxes for US citizens working in foreign countries. Generally, social insurance taxes will be paid in the country where the service is performed under the agreements, but transferred workers who are not permanently placed in a foreign country can elect to pay only the US social security taxes, which tend to be lower than those of the countries with which the US has agreements. These countries are listed, and a checklist of items to consider is included.

Management, Interpretation and construction, Tax treaties, Employment abroad, Overseas employment, Payroll tax, Social security taxes

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Bringing talent to the United States: tax traps for the unwary

Article Abstract:

US non-resident aliens and foreign nationals working in the US, as well as the companies employing them, should be aware of potential tax liabilities and plan accordingly. A number of tax traps can result from compensation, foreign nationals' sales of assets or principal residences, short-term visits or business trips, and foreign pension assets. Proper planning and attention to timing of assignments will help minimize tax liability arising in connection with reimbursed moving expenses, subsequent US reassignments, and stock options.

Administration of General Economic Programs, Regulation of Multi-Nationals, Multinational corporations, International trade regulation, Employee relocation, Non-resident aliens, Nonresident aliens

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U.S. tax traps for foreign citizens working in the United States

Article Abstract:

Tax planning can lessen the impact of US tax law on nonresident aliens working in the US. Planning should include knowledge of the tax laws and rates of the US and the nation of permanent residency and of applicable tax treaties. Timing, residence, and work permit issues should be considered. Situations particularly likely to result in unexpected taxation include business trips which exceed one year and employee retirement benefit withdrawals.

Tax Law, Public Finance Activities, Methods, Alien labor, Foreign labor

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