President Trump's proposed tax reforms, dubbed the "One, Big, Beautiful Bill," may significantly raise global mobility costs for US-based companies and their internationally mobile employees. A centerpiece of the reforms is a proposed incremental tax hike on income from residents of countries with "unfair tax regimes," which could affect various groups, including former US residents with US-sourced income and employees on tax equalization plans. Experts express concern that these changes could disrupt existing mobility programs, leading to higher costs and complicating international assignments for employees.
This isn't just a headline change - it's a significant concern for global employers and employees.
These rules mean individuals could be taxed more harshly simply based on the timing of income - or where they live when it's paid.
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