Assignment Cost Estimator
The Local Plus Calculator is designed to help users administer local plus pay packages by providing a consistent, easy, and structured way to establish them. It is powered by sophisticated tax logic developed by AIRINC’s in-house tax consultants. Based on how payments are delivered and on the effect of U.S. Residual taxes, the LPC addresses such issues as the impact of keeping an employee on the home country social security system, and the taxability of plus components (also known as allowances). Additionally, the LPC can be customized on the fly, making it a truly unique tool that delivers instant results.
Guidelines:
Not sure if our Local Plus Calculator is right for your organization? These guidelines will breakdown the benefits and drawbacks of the Local Plus Approach.
Local Plus Calculator Guidelines
Key Features:
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A customizable package structure allows the user to define local base salary and additional allowances.
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Housing, Education, Location Premium, and Local Housing Offset are specified as default plus components.
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Allowances/plus components can easily be excluded or overridden by the user.
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An unlimited number of additional plus components can be added by the user to match specific company policies.
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Sophisticated tax logic developed by in-house tax professionals takes into account:
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Social security delivery and implications (home vs. host)
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United States Residual Tax
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Taxability of default allowances depending on payment type.
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Data for more than 50 countries is instantly accessible.
