How this Impacts Mobility
The proposed rulemaking, once made final after the review of public comment, will impact any employer involved in cross-border enterprises. Despite the favorable results the Treasury’s tracing might yield, the regulation overall creates greater complexity and expansive recordkeeping requirements that will add to employers’ administrative compliance. Staying well informed on the progress of this proposed rulemaking, advance planning, and reliance on competent employer counsels will be more important than ever. Should any member have questions, please reach out to our Vice President of Member Engagement and Public Policy Rebecca Peters, email@example.com.