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Many of you already know me, but for those who do not, my name is Ilya Bonic, and I lead Mercer's Information Product Solutions business (IPS). I would like to take a moment to personally welcome the former-ORC clients to the Mercer family, and share what Mercer's acquisition of ORC means to all of us.
The most serious compliance issue noted by almost two-thirds (61%) of respondents in a recent Mercer survey involved tax return revisions caused by improper reporting of worldwide income by expatriates. Moreover, one-quarter (25%) of survey respondents cited fines and penalties imposed on expatriates due to inaccurate reporting of income as another trouble spot. A comparable percentage also mentioned the challenge posed by tax audits as a result of under-reporting of income by expatriates.
Article by Rebecca Rosenzwaig is reprinted from International HR Journal. Copyright © 2011 Thomson Reuters-West. For more information about this publication, please visit www.west.thomson.com.
Effective January 10, 2011, the source for exchange rates quoted on the former ORC international compensation website is now OANDA, rather than Reuters. The change of exchange rate provider from Reuters to OANDA is due to several reasons.
Article by Samantha Blackhurst Polovina is reprinted from International HR Journal. Copyright © 2010 Thomson Reuters-West. For more information about this publication, please visit www.west.thomson.com.
When relocating to another country, matters such as whether family members will be able to read street signs are sometimes the least of an expatriate's worries. In some locations, where local conditions present concerns about health or danger, an expatriate might instead worry about, for example:
