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February 2015 » Navigating the Tax Aspects of Overseas...
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Ken Guilfoyle, CPA, GPHR, GMS-T
As the global economy becomes increasingly interconnected, the importance of having employees assigned overseas has risen. For example, Africa—with 10% of the world's oil and 60% of the world's arable land—is now a hot spot for the natural resources industry. Companies in other countries are increasingly sending employees there to capitalize on these extraction opportunities. In fact, the total trade between the United States and Africa was worth $72 billion in 2012.
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