Healthcare Reform, the HIRE Act, and Other U.S. Legislative Developments

Healthcare Reform and the HIRE Act: Key Issues for Employers with International Assignment Programs

Mary Kay Woods, Partner; Martha Klasing, Partner; Karen Field, Principal; Joan Smyth, Director; KPMG LLP | Aug. 03, 2010 | 2:00pm ET

From TaxWatch

The recently enacted Healthcare reform legislation and the Hiring Incentives to Restore Employment (HIRE) Act include provisions that may affect companies with international assignment programs.

These law changes, and other tax developments of interest to international assignees and their employers is the focus of this KPMG TaxWatch Webcast.  Partners and professionals from KPMG's International Executive Services and Washington National Tax practices discuss the the following topics:

Healthcare reform legislation:

  • 0.9%  increase in employee Medicare payment
  • 3.8%  additional tax on "unearned" income
  • Excise tax on lack of coverage and excise tax on "Cadillac" coverage
  • Discrimination provisions for non-grandfathered health plans

 

The HIRE Act:

  • Payroll tax exemption for hiring new workers
  • Business credit for retention of certain newly hired workers in 2010
  • Foreign account tax compliance (FATCA)

 

Other legislative developments: 

  • Section 409A guidance
  • Looking forward: Expiring tax provisions