In The News

France will determine the unemployment insurance rate paid by employers on a Bonus-Malus system, meaning the rate can increase or decrease. This will replace the system under which an employer paid a standard unemployment insurance rate of 4.05%.

The IRS announced that the U.S. and Japan have entered into an arrangement to implement the arbitration process provided for in the countries' agreement on the prevention of double taxation.

The Canada Revenue Agency has issued supplemental guidance for cross-border Canadian workers to offer administrative relief concerning their 2020 income tax liability.

IRS Notice 2021-18 provides adjustments to the limitation on housing expenses for specific locations for purposes of the foreign housing cost exclusion under IRC §911.