Hypothetical tax is not an actual tax that is remitted to a tax authority, but held by the employer and used in the tax equalization
summary and final calculation.
Global mobility policies should also address tax equalization
, establishing appropriate compensation, health and safety plans, and obtaining medical insurance in the host country.
Getting the mechanics down A typical tax equalization
policy estimates the tax the expatriate would have owed had he or she stayed at home.
A tax equalization
program provides a company with several advantages.
Between 1935 and 1941, the State of Michigan embarked on a statewide, property tax equalization
Under tax equalization
, there is no financial advantage for an expatriate to be in one country as compared with another.
These include asking voters for more money, lobbying for larger government tax equalization
schemes, cutting certain types of services, rationing services, finding cheaper ways to operate (often involving sharing expenses and benefits with other agencies), or closing in anticipation that other agencies will provide the same or similar services.
Messinger has long advocated a phased tax equalization
program that has built is safeguards to protect low-income homeowners and will begin to make the system fairer for Class II and commercial Class IV properties.
One of the general subsidies is for tax equalization
, constructed to smooth differences between local governments as regards tax potential and costs occasioned by structural factors such as the composition of the population.
Thus, having a tax reimbursement policy--whether tax equalization
or another--can help focus the executives' attention on driving strategic business objectives, rather than on personal tax avoidance strategies.
On appeal the board argued that it was merely correcting a clerical omission in the data collected for the State Tax Equalization
Board, which it discovered during the validation of the sale for realty transfer tax purposes.
Bowling noted that if spirits companies achieved their stated goal of tax equalization
, taxes on beer could go up dramatically.