Companies with global reach are asking more and more questions about short term business travel. This is a positive trend.
We know that foreign governments are struggling to find new sources of revenue. Many countries are following suit with the US to require residents to disclose all of their foreign assets in search of hidden tax revenue.
Companies are starting to see the value of proper short term business travel planning. It's important to get a tax provider involved that can help navigate the complexities of income tax treaties to avoid unnecessary tax issues like permanent establishment or added assignment costs if employees become subject to tax in the host location in situations where top talent will not work unless the company covers any additional tax because of the short term business assignment.
Don't be afraid to ask about tax consequences if an employee will be working in a foreign country for six months or less. With proper planning, you can help keep costs down when you know the rules.
