Despite opposition from business quarters and serious glitches during testing, France is moving ahead with a plan that will require employers to withhold income tax from employee paychecks starting in January 2019.
If your organization sends employees abroad, you need to understand what a shadow payroll is and how it works. The basic concept is relatively simple, and shadow payrolls are great for lowering employer and employee risks. Properly establishing and maintaining a shadow payroll is, however, far from simple. There are countless items to consider, such as whether to implement a tax protection or tax equalization policy, how to calculate hypothetical taxes, the best way to send money across borders and much more.
If you’ve expanded into a foreign country, you’ve experienced the transition to a whole new set of laws and business regulations. Foreign laws governing business practices are frequently difficult to adjust to and sometimes quite frustrating. But once in a while, foreign business laws can also be downright surreal. Here are four favorites we’ve come across. We think you might learn something even from these head-scratchers.