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Navigating US Tax Reform in Global Mobility Programs: Insights and Strategies

Explore the impact of US tax reform on mobility programs, key provisions affecting international assignments, and strategies for adapting to regulatory changes. Gain insights into workforce planning, policy considerations, and navigating a changing global mobility landscape. Empower leaders with data analysis, budget adjustments, and policy revisions. Stay competitive within the industry while addressing administrative costs and value considerations in a regulatory-rich environment. Contact RSM US LLP for expert assistance.

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Navigating US Tax Reform in Global Mobility Programs: Insights and Strategies

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  1. US Tax Reform Update Our regulatory landscape and its impact on mobility programs

  2. US Tax Reform:Our regulatory landscape Ashley Fewins-Kalb Over six years of experience in US expatriate and inpatriate taxation and planning. Passionate about helping clients address and manage the tax implications of cross-border employee activity at the corporate and individual levels.

  3. US Tax Reform:Where are we? US tax policy outlook • Midterm election results • Divided government Ongoing considerations • State conformity • Political climate • Global response and trade • Global tax policy and considerations for multinational corporations

  4. US Tax Reform:Converging Issues Commercial and regulatory issues around the global mobility space: U.S. Tax Reform – A Disruptive Force • Key provisions impacting overall cost of international assignments • Tracking and capturing the value of a global workforce • Cost allocation and charging between subsidiaries

  5. US Tax Reform:What’s the bigger picture? Key provisions impacting the overall cost of international assignments • Taxability of moving expenses • Limitation on itemized deductions (state and local tax) • Change in tax rates and brackets • Suspension of personal exemption deduction Articulating the impact of tax reform • Data analysis and modeling to assess costs

  6. US Tax Reform:A catalyst for change Responding to tax reform • Adjust budgets and cost projections • Evaluate operations • Communicate with business leaders Evaluating mobility policies – key considerations • Benchmarking against best practices • Competitiveness within industry • Impact of tax reform • Administrative costs and value

  7. US Tax Reform:Policy and workforce considerations

  8. US Tax Reform:A comprehensive strategy

  9. US Tax Reform:Workforce planning Workforce (who) Location (where) Operations (how)

  10. Global Mobility in a Changing Landscape • More people are moving in new and different ways. New mobility patterns are emerging with travel and virtual work outpacing traditional assignment structures. • Mobility structures need to view enterprise compliance risk through multiple lenses and close emphasis needs to be put on substance over form.

  11. Global Mobility in a Changing Landscape: Competing Forces

  12. Key takeaways:Next steps in the journey • Understand and quantify how provisions of the Tax Cuts and Jobs Act impact the cost of an international assignment. • Tax reform is a further disruptive force in an already complex and regulatory-rich environment for multinational businesses. Empower program leaders with information and tools to adapt to change proactively address areas of risk: • Review talent and business strategies • Revise budgets and accruals • Review and optimize policies • Evaluate processes

  13. RSM US LLP 801 Nicollet Mall, Suite 1100Minneapolis, MN 55402 +1 612 573 8750 rsmus.com

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