When Companies Send Singaporeans Abroad: Great Timing, Poor Strategy?

As more Singapore companies expand their presence overseas, succeeding in the global marketplace requires fielding a mobile, highly talented workforce. Companies should look at several key tax-related factors when planning assignments out of Singapore to assist in managing their risk and getting the most out of assigning employees overseas. These factors are discussed by IES professionals BJ Ooi and Dennis McEvoy in this article.
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Sending Employees to Russia Doesn't Have To Be a Bear

Companies sending employees to Russia for work purposes have much to consider in terms of selection, compensation, relocation, tax, social security, immigration, and so on. Alevtina Borisova, an IES professional based in Moscow, focuses in this article on some general payroll and immigration issues that an employer must take into consideration when the intent is to keep the expatriate on the home country payroll.
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Reporting Foreign Financial Accounts to the IRS: The Many Unanswered Questions on Who Must Report

KPMG professional Joan Rood, in this insightful piece, takes a closer look at Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR): who can and needs to file, the filing requirements, and the penalty rules. The author also considers some unanswered questions — questions that the Internal Revenue Service should address to provide clear guidance on who must file this form.
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Canadian Taxpayers Should Act Now To Save on 2005 Personal Taxes

Canadian taxpayers take note! A new year is approaching, but individual taxpayers with Canadian tax liability still have time to take steps to save on their 2005 personal income taxes. In this article, we highlight some of the tax planning tips and deadlines taxpayers may want to consider over the next few weeks when taking stock of their tax situation for 2005.
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The Year in Review — United States

Our final article in this issue spotlights some of the significant developments in the United States for 2005 relevant to international executives and their multinational employers, including treaties, new sourcing rules for compensation for labor and personal services performed partly within and partly without the U.S., and the new expatriation information statement. The developments have been organized into the following subject areas: (i) legislative and regulatory, (ii) forms and publications, (iii) treaties, and (iv) immigration and work permits.
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Worldwide Digest

We are providing readers with a link to the IES practice's Flash International Executive Alert newsletters, which are archived right through the most recent issue on the IES Web site. Readers can scan the titles and select the news stories that are most relevant to their international assignment situations.
Go to IES practice's Flash International Executive Alert newsletters