M12: Flashcards
Physical inactivity
One of the 8 drivers of worsening health in the U.S.
Tax equalization
Requires EEs to pay taxes equal to the rate of their home jurisdiction
Tax protection
Reimburses EEs for higher taxes on international assignments
Section 3121(1) agreement
Allows EEs to pay payroll taxes into the U.S. system
[Social Security totalization agreements]
Provide relief from dual Social Security coverage and taxation
Foreign employer
When the employee is made an employee of host jurisdiction ER
Employer with secondment
Similar to loaning an employee to the host jurisdiction
Dual employment
Becoming an employee of both the home and host jurisdictions
Special Service Company
Often in a tax haven, this company seconds the EE to the host jurisdiction ER
The year the Medicare plan was introduced
1965
of common HR problems encountered by multinational corporations
21 common HR problems
Disadvantage of using a special service company
Extra associated costs of developing the company
Primary disadvantage of using a foreign employer
EE can no longer participate in home benefit plans
Cost-of-living allowances
Payments to cover higher cost of living in host jurisdiction
The only large economy that doesn’t offer universal access to health care
The U.S.
