Passports from the United States have fallen to historic lows following an updated ranking of the world's most powerful passports. U.S. passports fell below the top 10 of the world's most powerful passports for the first time, according to the latest Henley Passport Index, which was released this week and is compiled using data from the International Air Transport Association (IATA). The U.S. passport was ranked in 12th place with Americans granted visa-free access to 180 out of 227 total destinations around the world.
As work becomes increasingly borderless, understanding how VAT applies is critical. The first step is to know where obligations begin and ensure they're addressed before they become a problem. There are two categories of global workers for whom VAT considerations are especially relevant: Employees on international secondments, who remain on their company's payroll while temporarily working abroad, and digital nomads, who operate their own businesses while moving from country to country.
Over the past few years, more and more people have started working online. This kind of job lets you work from almost anywhere and gives you more freedom in your daily life.