Managing the Global Mobility Function 2012: Now Available
Tag Archive
India: New Social Security Agreement Signed with Sweden
India recently signed a social security agreement (SSA) with Sweden. 1 Such SSAs generally help employers and their globally mobile employees avoid dual social security contributions and help ensure that such employees do not lose their social security entitlement to benefits.2 Key Benefits of SSA The main benefits envisaged by the India-Sweden SSA are highlighted below. Exemption from... »
France: Tax Authorities Clarify Taxation of Equity Compensation in International Context
A few weeks ago, the French Ministry of Finance issued decrees which will facilitate the collection of data (and tax) on the French sourced gains derived from equity awards when the beneficiary has left France. Tighter control will be achieved by tracking the “French source portion” of gains under new employer reporting requirements. The... »
France and New Exit Tax in Amended Finance Law
France’s Amended Finance Law for 2011 was adopted by the Council of Ministers on 11 May 2011.1 The proposed measures are expected to be reviewed by Parliament and adopted before mid-July 2011 – although there is a possibility that some might be declared unconstitutional or contrary to European Union (EU) principles or the non-discrimination... »
France: Amended Finance Law 2010 Measures
France’s Amended Finance Law for 20101 published on 30 December 2010, contains two new provisions which may impact current or former assignees. The first relates to stock option and restricted stock unit (RSU) income from stock options and, the second, to lump-sum retirement benefits. »
France’s Social Security Bill Alters Treatment of Severance
The final version of France’s draft social security financing bill (projet de loi de financement de la sécurité sociale 2011) was adopted by the French Senate on 25 November 2010. It contains several amended provisions which became applicable as from 1 January 2011. »
France and Hong Kong Sign Double Taxation Agreement
The Hong Kong financial secretary John Tsang and the French minister of economy, industry, and employment Christine Lagarde, have signed a double taxation agreement (DTA) between the Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”) and the Republic of France. The text of the DTA draws heavily from the... »
France and Stock Option Exercise Gain
In a recently published case, the Administrative Court of Paris ruled that a stock option’s exercise gain should be treated as a capital gain where the shares have been held for the required five-year period after grant. »
France and Changes to Tax System
The French government recently announced a major policy initiative to help plug a gaping hole in France’s pay-as-you-go pension system. Under the proposed reform, 40 percent of the savings will come from raising the retirement age and associated rule changes. The rest will come from higher taxes. »
France and Sourcing of Options in Cross-Border Situation
The French tax authorities have never commented officially on the taxation of a stock option gain when an employee had performed duties in different countries between the date of grant of the options and the vesting date. »
France and Bank Bonus Tax, Rules for Compensation
In France, a recent Draft Amended Finance Law for 2010 introduces a new tax charge equal to 50 percent of the amount of bonuses and awards paid in relation to fiscal year 2009 by banks and financial institutions – many of which received some government assistance during the financial crisis. The tax applies to... »