Managing the Global Mobility Function 2012: Now Available
Tag Archive
European Union: Direct Taxation of Cross-Border Workers to Be Reviewed
On April 2, 2012, the European Commission announced its intention to review direct tax measures imposed by member states on cross-border workers. The Commission will carry out a thorough review of national direct taxes to determine whether they create unfair disadvantages for individuals who live in one member state and work in another. The... »
Czech Republic: Pension Reform Approved
The Czech Republic’s Chamber of Deputies passed major pension reform embodied in three separate bills in November. The three bills together comprise the Czech government’s pension reform plan. The system is expected to enter into force on 1 January 2013. The main amendment enacted by the bills is the introduction of the “second pillar”... »
United Kingdom-Hungary Double Taxation Treaty
Her Majesty’s Revenue & Customs (HMRC) in the United Kingdom has confirmed that a new income tax treaty between the U.K. and the Republic of Hungary was signed in Budapest on 7 September 20111. Overview The new treaty generally follows the OECD Model Double Taxation Convention. Some of the more noteworthy items, for multinational... »
Portugal’s State Budget Law for 2011
Portugal’s government has recently approved the 2011 State Budget Law (Lei do Orçamento do Estado para 2011). These are the main changes to the personal income tax and social security systems that may be relevant to international executives and their multinational employers. »
US State Aid Legislation Affects Individuals
On August 10, 2010, the U.S. President, Barack Obama, signed state aid legislation1 (“the Act”) that includes several international tax provisions, two of which are of particular interest to individual taxpayers. The two provisions are: 1) a technical correction to the statute of limitations rules recently amended under the Hiring Incentives to Restore... »