M12: Flashcards

1
Q

Physical inactivity

A

One of the 8 drivers of worsening health in the U.S.

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2
Q

Tax equalization

A

Requires EEs to pay taxes equal to the rate of their home jurisdiction

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3
Q

Tax protection

A

Reimburses EEs for higher taxes on international assignments

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4
Q

Section 3121(1) agreement

A

Allows EEs to pay payroll taxes into the U.S. system

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5
Q

[Social Security totalization agreements]

A

Provide relief from dual Social Security coverage and taxation

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6
Q

Foreign employer

A

When the employee is made an employee of host jurisdiction ER

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7
Q

Employer with secondment

A

Similar to loaning an employee to the host jurisdiction

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8
Q

Dual employment

A

Becoming an employee of both the home and host jurisdictions

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9
Q

Special Service Company

A

Often in a tax haven, this company seconds the EE to the host jurisdiction ER

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10
Q

The year the Medicare plan was introduced

A

1965

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11
Q

of common HR problems encountered by multinational corporations

A

21 common HR problems

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12
Q

Disadvantage of using a special service company

A

Extra associated costs of developing the company

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13
Q

Primary disadvantage of using a foreign employer

A

EE can no longer participate in home benefit plans

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14
Q

Cost-of-living allowances

A

Payments to cover higher cost of living in host jurisdiction

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15
Q

The only large economy that doesn’t offer universal access to health care

A

The U.S.

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16
Q

Captive reinsurance

A

A multinational corporation measure to control health care costs

17
Q

Paternalism in retirement planning

A

A desire to help employees prepare adequately for retirement

18
Q

Pooling assets across borders

A

Cross-border plan structures

19
Q

Global trend in DC retirement plans

A

A trend towards greater simplicity in plans

20
Q

International Pension Plans (IPPs)

A

More firms are using these plans in weak retirement systems and for political/economic challenges