Common use of Tax Equalization Clause in Contracts

Tax Equalization. You will be provided with professional tax consulting services through the use of a Company-designated accounting service. You will be tax-equalized on your earned income and Housing Allowance and Car Allowance amount, thus ensuring that you will not be responsible for any incremental taxes as a result of the Assignment. The Company’s tax equalization policy provides that (1) an expatriate employee will pa y no more and no less tax than he/she would have been responsible for in his/her home country for the Company-earned income earned during the Assignment and (2) an expatriate employee will pay no additional taxes due to double taxation, if any, during the Assignment. Your home in England at Creekside ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ will remain your permanent tax home for IRS purposes during the Assignment.

Tax Equalization. You will be provided with professional tax consulting services through the use of a Company-designated accounting service. You will be tax-equalized on your earned income and Housing Allowance and Car Allowance amount, thus ensuring that you will not be responsible for any incremental taxes as a result of the Assignment. The Company’s tax equalization policy provides that (1) an expatriate employee will pa y no more and no less tax than he/she would have been responsible for in his/her home country for the Company-earned income earned during the Assignment and (2) an expatriate employee will pay no additional taxes due to double taxation, if any, during the Assignment. Your home in England at Creekside ▇2▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ will remain your permanent tax home for IRS purposes during the Assignment.