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83%
Percentage of companies
outsourcing the taxation for
their international assignees
given the complexity of global
tax law, according to Spencer
Stuart.
262
The number of additional
jobs created by every
100 foreign-born workers
with an advanced US degree
in a science or technology
field, according to the
American Enterprise Institute.
30%
Percentage tax relief that
Ireland will offer highly paid
foreign executives,
as part of a suite of measures
aimed at attracting talent
to the country.
2010 2011
July 2010
Russia introduces
measures to attract
highly-skilled
foreign workers, as
part of efforts to
modernize the
economy.
November 2010
The UK announces
a cap on the
number of skilled
workers from
outside the
European Economic
Area.
“This measure will reduce the cost to
employers of assigning skilled individuals in
their companies from abroad to take up
positions in Ireland . . . [This] will help us
compete for foreign investment.”
Michael Noonan, Ireland’s Finance Minister, quoted in The
Financial Times, February 2012, on his country’s new tax relief
measures being introduced to help attract highly skilled workers.
China
New legislation will force foreign workers in China
to pay up to 11% of their salaries into five separate
insurance funds, covering pensions, health care,
unemployment, maternity and work-related injuries.
In addition employers can be forced to contribute up
to 37% of the employee’s salary. The move will make
a foreign workforce more expensive for multinationals,
as well as making China less attractive for global
executives.
Germany
Despite widespread unemployment across the Euro
area - averaging 10.4% overall, and as high as 22.9% in
Spain - Germany has low unemployment of just 5.5%
and a worsening skills shortage. Germany is in need of
engineers, doctors and highly qualified IT professionals.
Skilled healthcare
workers are especially
difficult to find.
March 2011
The UK unveils a
new visa aimed at
attracting foreign
entrepreneurs and
investors.
Photo:
Germany’s Federal Minister
of Labour and Social Affairs,
Ursula von der Leyen.
January 2012
The US Department
of Homeland
Security announces
reforms aimed at
attracting and
retaining highlyskilled
immigrants.
2012
January 2012
Ireland offers new
tax relief to attract
highly paid foreign
workers.
Inbounds =
__ Over the next three years
companies expect to increase
the number of assignees to:
India by 80%; Africa by
75%; Brazil by 71%; Russia by
43%; and China by 23%.
China currently has the
highest number of inbound
assignees per company,
followed by Africa, then India.
Outbounds =
__ Over the same period to
2014, outbound assignees will
increase by: 80% from China;
67% from both Russia and
Africa; 20% from Brazil; and
13% from India. However,
India’s relatively low increase
could be due to the fact that it
currently has the highest
volume of outbound assignees
per company, followed by
Africa and then China.
February 2012
Switzerland’s
largest political
party files a petition
to cap immigration
to the country.
Ernst & Young Issue 07 T Magazine 7