Companies that send employees on extended international business trips and short-term international assignments face tax and immigration risks, according to a survey by KPMG's International Executive Services practice.
Eighty-eight percent of the 160 executives surveyed said these types of assignments create a compliance risk for companies. Ninety-three percent cited tax risks as the top area of concern, while 75 percent cited immigration risks. The visibility of these risks is murky for top executives. The CEO was aware of these risks at only 13 percent of the companies polled, while the CFO was aware of the risks at only 22 percent.
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