Lockdowns and the ‘Stranded Executive’
Mitigating Tax Risk in the Time of COVID-19
The coronavirus crisis quickly put end to much travel, be it across town or across borders. One side effect of these movement restrictions is that many executives have been unable to go into their places of employment and are currently working from home. While most of these arrangements are being carried out without significant problems, some circumstances raise particular tax risks – namely, situations where an employee of an affiliate in one country lives in another country and that employee is stranded, working at home, unable to go into his office in the Company Country. Read our alert for strategies to mitigate the tax risk.