EXPATRIATE PLANNING
Tax Treaties And Social Security Agreements
The United States has double tax treaties and social security agreements with many countries throughout the World. This is to prevent double taxation and to provide guidance on the taxation of certain types of income.
By using the agreements it is possible to not only reduce levels of US tax withholding but also exempt certain types of income from US tax altogether, which will undoubtedly be of interest.
Social security can be an important issue in the overall cost of an assignment. It is possible to establish continuing coverage under the “home scheme” if certain requirements and obligations are met by the employer and individual concerned. This could drastically reduce the cost of an assignment, whilst preserving a certain level of security for the assignee.
Our team of expatriate tax specialists are able to advise and accurately make use of these agreements. The clarity of their advice will impress you. And, we hope, the money that they can save you in the long run.
