Addresses need to respond to compliance enforcement; report compensation to authorities efficiently, effectively across multiple tax jurisdictions
BEPS – Impacting HR and global mobility… The international debate on tax is constantly evolving and the call for tax transparency to tax authorities, the European Commission, the OECD/G20 and to the general public is echoed across the globe, thereby changing the tax landscape for international business.
KPMG LLP, the U.S. audit, tax and advisory firm, and ADP®, a leading global provider of Human Capital Management (HCM) solutions, have joined forces to help multinational companies better manage employees who are given international assignments that require them to relocate from one country to another.
“Companies today are part of a dynamic global economy where customers operate around the globe and employees hail from seven continents and pay taxes in multiple countries,” said Jeffrey C. LeSage, KPMG’s Americas Vice Chairman – Tax. “Our alliance with ADP helps business leaders monitor and adjust how they manage global mobility, compensation, and tax compliance to compete effectively, reduce risk and exploit long-term cost and time efficiencies.”
… “Our alliance with KMPG has really helped streamline the global mobility process so that HR leaders can more easily manage employees who are expatriates or just temporarily moving from one country to another,” said Ed Flynn, president of Global Enterprise Solutions at ADP. “By providing an automated, integrated platform, in addition to KPMG services, this partnership eliminates a lot of dual data entry for HR leaders saving time so they can focus on more strategic initiatives. It also makes it easier for employees making international moves by enabling them to easily track information such as, their compensation, taxes, and cost of living allowances.”
Combining leading technology and know-how, the alliance offers employers the real-time ability to navigate the complexities of global mobility. It helps calculate tax deductions and allowances, report compensation to authorities efficiently and effectively across tax jurisdictions, and issue timely instructions to ADP payroll with the applicable amounts, currency and wage types for each employee.
The alliance brings together the global scale and experience of KPMG’s Global Mobility Services (GMS) practice, including its proprietary LINK Enterprise technology platform, with the ADP Global Payroll solution to provide multinational companies with an integrated approach to managing payrolls and reporting for employees who are moving internationally to improve transparency, financial performance and employee satisfaction.
BARCELONA, SPAIN (October 11, 2017) – At KPMG’s global mobility conference in Barcelona … WHICH POLICIES?
“In recent years we’ve seen increased alignment between organisation’s talent and global mobility functions. Whilst many organisations are still, to an extent, using traditional long term assignment policies, increasingly these are more frequently being used to support business driven, strategic assignments.”
“As a result of this greater talent/mobility alignment, many companies have been seeking out ways to increase their number of international moves but at a significantly lower cost as they ….
a) seek to develop a global mindset amongst their employees at a much earlier point in their career; … and
b) meet the needs of a generation entering the workforce who see international experience as an integral part of their career.
Many organisations have been considering what policies can be used in order to meet this growing need.”