How This Impacts Mobility
International tax laws are complex and may affect multinational corporations to a greater degree than smaller companies. Even more so, a failed overhaul of these laws will affect the mobility industry nonetheless. Whether the confluence of ideology and economic theory will bring compromise or confrontation is still unknown, but the U.S. does not want multinational businesses to view it as a high tax country. Such a global view incentivizes companies to place assets offshore - or worse, encourage the tax avoidance method of inversion in which a current U.S. parent company becomes the subsidiary of the foreign parent, thus moving its tax residence to the lower-taxing foreign country. It benefits us all to retain and encourage U.S. investment.
Should any member have questions, please reach out to our Vice President of Member Engagement and Public Policy, email@example.com.
Craig Anderson, SCRP, SGMS, is Vice President of AECC Mobility and Chair of the Worldwide ERC® Tax Forum.
Join Our 5 August Webinar!
Join Worldwide ERC® Public Policy Leaders virtually on 5 August, 2021, at 11:00 a.m. ET as we discuss what to expect in the coming months and how you can play a part in our advocacy efforts in the webinar “Will the U.S. Business Tax Rate Change – and Will It Affect You?”
As we emerge from the global pandemic, we find ourselves already half-way through the first year of the Biden Administration and the 117th Congress. Will federal policymakers be able to reach agreement on top issues of concern to the global mobility and relocation industry – and what might the implications be on U.S. businesses? Will the business tax rate change? What is the current state of all-things real estate and mortgage? What other public policy surprises could be on the way?
Sign up today for the 5 August Worldwide ERC® webinar and gain valuable insight into where public policy is going and how you can help shape it. The following Worldwide ERC® public policy leaders and staff will be a part of the conversation:
- Real Estate and Mortgage Forum Chair Jay Hershman, Baillie & Hershman
- Tax Forum Vice Chair, Jen Stein, GTN
- Regulatory and Compliance Vice Chair Jeff Margolis, SIRVA
- Rebecca Peters, Worldwide ERC® Vice President of Member Engagement and Public Policy (moderator)