Global Tax, Immigration, and Employment: How Companies Can Stay Compliant

The global mobility programs of multinational companies are subject to numerous regulations and laws, not only at home, but in foreign locations. Among the latter are rules surrounding immigration, employment, and taxation of workers, which can be some of the most challenging to navigate.msicompensation-2

Most companies understand the need to adhere to local regulations when entering a foreign market and will not intentionally violate these. However, due to the complexity of each country’s criteria, there may be instances where compliance can become difficult, despite an organization’s best efforts.

Failure to research local laws or seek professional assistance could quickly thwart a company’s global expansion plans; a lack of knowledge or understanding of a jurisdiction’s laws will not be sufficient to insulate it from the consequences of noncompliance.

Should a violation be identified, the consequences can be significant, and can include fines, blacklisting, penalties, criminal charges, imprisonment, and/or future restrictions on business activity. Noncompliance violations can also invite ongoing scrutiny from authorities and tarnish a company’s reputation.