GTN Mobility Tax Blog

Imagine this: you are sitting at your desk working to finalize the weekly status update. In walks the president of the company and says, “In order to increase our business, we are expanding overseas. I would like to send Jane Smith to Germany for three years. How soon can you make this happen?”

I’ll bet the questions that race through your mind are the same as every other HR manager tasked with sending employees internationally for the first time:

• Where do I start?
• What do I need to consider?
• What processes need to be in place?

The provision of long-term incentives, such as stock options and other equity compensation, to employees who work in multiple locations has always been challenging. Because not all jurisdictions treat equity income in the same manner for tax purposes, companies can face many uncertainties when trying to understand their reporting and withholding obligations. Mobile employees can face complex tax filings and even double taxation.

Our annual Beards and Braids for Busy Season (BBFBS) begins now! In the campaign’s ninth year, GTN is once again partnering with Move For Hunger, a national non-profit organization that has created a sustainable way to reduce food waste and fight hunger. Our 2022 BBFBS campaign strives to make an impact on the growing hunger crisis as millions of Americans face food insecurity every day. This will be GTN’s second year partnering with Move For Hunger and our goal is to surpass last year. With your help in 2021, the BBFBS campaign was among Move For Hunger's top 10 fundraisers providing 16,277 meals to those in need! We are very excited about this year’s campaign and the continued role we can play in helping the Move For Hunger cause.

As remote work requests continue to roll in and the future of work is one that embraces a mobile workforce, C-suite executives are pushing to offer remote work as a valuable incentive to retain and attract talent. While a drive to offer this employee incentive has already realized advantages for companies, it has also come with many challenges and compliance requirements that still need to be addressed.

Technology, growth in remote work, and global opportunities are empowering more and more people to take jobs across international and domestic borders. But as you award your cross-border employees with equity-based compensation, your tax compliance risk may be skyrocketing.

Luckily there are ways to navigate these mobile equity challenges while keeping your company and employees tax compliant.

Happy New Year! As most of us do, the start of a new year usually brings resolutions for making positive changes in one’s life. Changes that relate to diet, exercise, discovering a new hobby. This year, when making your 2022 resolutions, consider including one of eating more plant-based meals in your diet.