Global Mobility News

Women’s Boardroom Quotas to Change ‘Corporate Culture’

Women’s Boardroom Quotas to Change ‘Corporate Culture’

Angela Merkel’s Government adopted a Bill on 11 December that is set to install quotas for the minimum percentage of women on company boards. The decision to set a 30% female representation benchmark was announced by Heiko Maas, the Justice Minister, and Manuela Schwesig, the Family Affairs Minister, both members of the center-left Social... »

Algeria: Foreign Investment Plans to Boost Energy Output

Algeria: Foreign Investment Plans to Boost Energy Output

North African nation Algeria announced over the weekend that it will press ahead with its $90 billion investment plan in the nations oil and gas industry. The country is seemingly undeterred by the current low oil prices. Brent crude ended last week at $69.07... »

LAT-AM: Brazil Dominates Top Universities in Latin America

LAT-AM: Brazil Dominates Top Universities in Latin America

Brazil continues its overall representation claiming half of the top 20 universities in Latin America, although the country lost the top spot to ‘Ponticia Universidad Católica de Chile’, based in Santiago, Chile. A total of 18 countries are featured in the overall top 300... »

Ebola Update: Vaccine Passes First Human Trial

Ebola Update: Vaccine Passes First Human Trial

Positive progress has been made during clinical trials in efforts to stem the virus that has been ravaging West Africa, though it can be months, at best, to stem the outbreak.  Renowned infectious disease researcher Dr Anthony Fauci of the National Institute of Allergy... »

IRELAND: Special Report: Finance Bill Offers Tax Savings, Enhances Competitiveness

IRELAND: Special Report: Finance Bill Offers Tax Savings, Enhances Competitiveness

Ireland’s 2014 Finance Bill was published on 23 October 2014.1 The Bill contains important changes to the Special Assignee Relief Programme, extension of the Foreign Earnings Deduction, a one-percentage point drop in the top marginal rate, and other measures affecting individuals (including international assignees... »

AUSTRALIA: Changes to 457 Visa and Employee Share Scheme Rules Proposed

AUSTRALIA: Changes to 457 Visa and Employee Share Scheme Rules Proposed

On 14 October 2014, the Australian federal government released its National Industry Investment and Competitiveness Agenda (“the Agenda”). Although broad-ranging, the Agenda outlined the government’s intention to modify the 457 visa program and improve tax arrangements for employee share schemes (ESS), proposed to apply... »

IRELAND: New Joint British-Irish Visa Scheme Announced

IRELAND: New Joint British-Irish Visa Scheme Announced

The joint British-Irish Visa Scheme was formally launched on 6 October 2014, by Irish Minister for Justice and Equality Frances Fitzgerald together with U.K. Home Secretary Theresa May.1 The scheme will facilitate smoother travel between Ireland and the U.K. by individuals requiring a short-stay... »

UNITED STATES: Relief for Individuals with Interests in Canadian Retirement Plans

UNITED STATES: Relief for Individuals with Interests in Canadian Retirement Plans

Eligible U.S. citizens and residents with interests in certain Canadian retirement plans will be treated as automatically making an election, under a provision of the United States-Canada income tax treaty, to defer U.S. income tax on income accruing in their Canadian retirement plans until... »

SPAIN: Significant Reforms Planned for Tax System

SPAIN: Significant Reforms Planned for Tax System

The Spanish government has put forward a tax reform plan that includes lower income tax rates and changes to the taxation of savings and capital gains, as well as the so-called “impatriate” tax regime. On 23 June 2014, the government released draft legislation that,... »

VIETNAM: PIT Can Be Calculated from Day of Arrival in Vietnam

VIETNAM: PIT Can Be Calculated from Day of Arrival in Vietnam

Following the Vietnamese government’s instructions to improve the business environment and enhance national competitiveness, on 25 August 2014, the Ministry of Finance issued Circular 119/2014/TT-BTC amending a number of regulations in order to reform and simplify tax administration procedures. Individuals from a country with... »

IRELAND: New Law Aims to Attract Workers with Technology Skills

IRELAND: New Law Aims to Attract Workers with Technology Skills

The President of Ireland signed into law the Employment Permits (Amendment) Bill 2014 on 27 July 2014, which now becomes the Employment Permits (Amendment) Act 2014. The Act contains and authorizes new rules intended to bring about reform and modernization of Ireland’s employment permits... »

UNITED KINGDOM: Short-Term Business Visitor Agreement to Be Updated

UNITED KINGDOM: Short-Term Business Visitor Agreement to Be Updated

Based on recent discussions between professional bodies and HM Revenue and Customs (HMRC), it is understood that there are plans for an updated Appendix 4 (short-term business visitor) agreement to be published in the U.K. at the end of August 2014. The update will... »

ITALY: High Court Rules 10% Tax on Bankers’ Bonuses Is Valid

ITALY: High Court Rules 10% Tax on Bankers’ Bonuses Is Valid

The Italian Constitutional Court has ruled that the 10-percent tax on banking bonuses is not contrary to the Italian constitution. The 10-percent levy applies to senior executives in the financial services sector on their variable compensation paid as a bonus or stock options which... »

Rental Car Insurance: Why a Little Extra Upfront Can Save You Thousands in the End

Rental Car Insurance: Why a Little Extra Upfront Can Save You Thousands in the End

The decision to purchase insurance through rental car companies has been a long debated topic for travelers. No surprise, when thousands of dollars are on the line you want to get it right. If you don’t have personal auto insurance it’s vital you purchase... »

Top Tips for Moving to Canada

Top Tips for Moving to Canada

Canada is an attractive destination for people that want to move abroad, with its cosmopolitan cities, unblemished landscape and multicultural society. Comprising of ten provinces and territories, Canada is the second largest country in the world in terms of greatest total area mass. It... »

UNITED KINGDOM: Amendment to Taxation of Share-Based Awards for Assignees

UNITED KINGDOM: Amendment to Taxation of Share-Based Awards for Assignees

A recent amendment to the new U.K. rules on how share-based awards held by internationally mobile employees (IMEs) are taxed, set to come into force on 6 April 2015, will potentially allow any amounts chargeable to U.K. income tax on the vesting of restricted... »

NIGERIA: New pension plan system is enacted

NIGERIA: New pension plan system is enacted

On 1 July 2014, President Goodluck Ebele Jonathan signed into law the Pension Reform Act, 2014 which repeals the Pension Reform Act (PRA) 2004. The new Act would serve as the enabling legislation for the administration of the contributory pension scheme (the Scheme). We... »

AUSTRALIA: Legislation Enacted with New Levy Impacting Tax Liabilities

AUSTRALIA: Legislation Enacted with New Levy Impacting Tax Liabilities

Australia’s so-called “temporary budget repair levy” of 2 percent, raising the tax burden for certain individuals, has been enacted. On 25 June 2014, the package of 15 Temporary Budget Repair Levy bills received Royal Assent. The additional income tax rate on annual taxable income... »

UNITED STATES: Revised Procedures for Late Reporting of Foreign Accounts

UNITED STATES: Revised Procedures for Late Reporting of Foreign Accounts

The U.S. Internal Revenue Service (IRS) has announced changes that will expand the streamlined procedures regarding the reporting of foreign financial accounts. According to the IRS, a wider population of U.S. taxpayers living outside the country and, for the first time, certain U.S. taxpayers... »

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