GTN Mobility Tax Blog

In an interconnected world where people cross borders for both work and personal reasons, the complexities of international taxation pose significant challenges. This is especially true for individuals with bank and financial assets in multiple countries. As assets become scattered across continents, understanding the tax implications becomes paramount.

Navigating the complexities of global mobility demands meticulous attention to various factors. One critical, yet often overlooked factor, is the evolving landscape of reporting obligations for US taxpayers with international financial investments. The success of employee transitions across borders requires not only seamless relocation but also adhering to intricate compliance requirements in an ever-changing regulatory environment.

This article was originally published in Small Business Currents.

Startups and small businesses are more mobile than ever. According to a recent Gusto Company News study, 78% of startups that launched in the last three years are either remote or hybrid. What’s more, remote work is expected to pick up even more steam in 2024. According to Mercer, 59% of business leaders believe virtual assignments will increase in the next year.

Let’s face it, many people find taxes to be intimidating, time consuming, and confusing. Why else would so many people procrastinate when it comes to filing their taxes? Then, add in the intricacies when taxpayers are dealing with multiple tax jurisdictions—due to an international transfer, international assignment, business travel, or even remote work—and the complexities skyrocket. When employees work outside of their Home location, delivering timely communications can go a long way in managing risks and providing an exceptional employee experience—helping you retain top talent and providing essential duty of care to your workforce. Below, we outline key items you should be discussing with your remote workers, business travelers, and/or international transferees or assignees.

This article was originally published in Corporate Compliance Insights. 

Return-to-office calls notwithstanding, many observers expect remote or hybrid work to continue to grow in popularity this year. GTN Director, Tracy Novotny, explores the tax and compliance implications corporate leaders need to know for 2024.

In recent years, the global workforce has witnessed a significant shift towards remote work and the rise of digital nomads, defined as a person who works entirely over the internet while traveling and who has no fixed place of business. As more individuals seek the freedom to work from anywhere in the world, many countries have recognized this evolving trend and responded by offering a unique solution—the “digital nomad visa.” This visa, often with less stringent requirements than traditional work visas, allows individuals to live and work in worldwide destinations of their choosing.