Are you curious about the cross-section between tax residence, human rights and labour mobility these days?
Join us on Wednesday, August 5th, 2020 at 12 pm UK time for a webinar on this exact topic courtesy of some of our favorite and most popular panelists.
Based on a paper penned by our panelists and presented at the Accounting and Finance Association of Australia and New Zealand (AFAANZ) conference in July 2020, this webinar will look at the growing importance of tax residence and how countries like the US have made it particularly burdensome for its citizens to live and work abroad.
More specifically, as per the paper’s abstract, global labour mobility and increasing acceptance of dual citizenship means that more individuals will work in more than one country over their career. Increases in cross-border automatic exchange of tax information via FATCA and CRS has brought questions of tax residence into the forefront as financial institutions perform the required due diligence regarding their clients. Lingering tax residence of emigrants is more than just an inconvenience. Incompatible tax rules and excessive compliance costs are an affront to the sovereignty of the destination jurisdiction and an unreasonable limitation on the rights of individuals to emigrate. The US practice of claiming all citizens as tax residents is especially egregious in this regard. International consensus is needed that individuals should generally be tax resident in only one jurisdiction at a time.
Hope you can make it!