Tax Reform Could Mean Changes for Global Mobility

As a result of the Tax Cuts and Jobs Act, which affects deductions for relocating employees and companies, some multinational companies are looking to revise their mobility policies. According to Eileen Mullaney of PricewaterhouseCoopers, this is not necessarily a negative, with many companies using the opportunity to revise existing mobility structures on a domestic level. “What it’s forcing companies to do is to be much more thoughtful and proactive in what are they trying to accomplish with mobility, what are they actually using it for, and then how to plan.” Companies that do not alter existing programs could be faced with increased costs when relocating employees to the United States.