Increased exclusion amounts help multinational employers
✍ Scribed by Shirley Dennis-Escoffier
- Book ID
- 102298010
- Publisher
- John Wiley and Sons
- Year
- 2009
- Tongue
- English
- Weight
- 54 KB
- Volume
- 20
- Category
- Article
- ISSN
- 1044-8136
No coin nor oath required. For personal study only.
✦ Synopsis
Internal Revenue Code (IRC)
Section 911 provides income tax exclusions for a certain amount of foreign earned income, as well as housing benefits provided to American employees on long-term international assignments. While an increase in the exclusion amounts is typically viewed as a benefit to employees because it can reduce their tax liability, it can also decrease the employer's cost of the international assignment if the employer provides a tax equalization plan. Thus, increases in the exclusion, particularly higher limits for excess housing costs, can provide needed relief to businesses with employees working in highcost foreign locations.