Inequitable tax policies could end expat exclusion
Companies operating under tax equalization would undoubtably resist changes that would be tantamount to giving away the benefit. Companies with no current policy, or one of tax protection, will have the most difficult task in planning their movement to a tax equalization policy. Difficult as it may be, however, in the opinion of this author, this will be the direction most companies will go. Many companies will grapple with a solution to this dilemma. Some will go to great lengths to pass the entire benefit on to the expatriate. Others, including most of the major contracting firms, have developed tax equalization policies in form but not in substance. In this instance, the employer reaps the benefit, but simultaneously falls short of a true tax equalization plan that allows the employee the benefit of his personal ouside losses and personal deductions. If fair and equitable tax equalization plans are not implemented by companies that adopt equalization, the consequence could be the sudden demise of the long-sought tax relief contained in the new exclusion. Congressman Goodling (R-Pa.) introduced H.R. 6493
- Research Organization:
- James H. Larkin and Co., Houston
- OSTI ID:
- 6014780
- Journal Information:
- World Oil; (United States), Vol. 196:1
- Country of Publication:
- United States
- Language:
- English
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