I am in an overseas assignment for my company. It is to the point where I will be in the other country for enough of the year where taxes will kick in. I am heading back to the US before that for some vacation. My company presently does not have a policy and is in the process of writing one. I am not a tax professional and my back of the envelope calculations say worse case scenario my liability will be $25K plus the US taxes since I will not be out of the country for greater than 332 days for the exemptions to kick in.
The vice president of my department has said that we 'will be kept whole' and there 'will be no negative financial consequences.' I have asked for this in writing and more information on the logistics of paying the tax in the other country. When the vice president was here, we talked about this issue and he stated that he did not understand why I needed something in writing. He also stated that if I wanted it in writing he could give it to me to which I said 'ok lets do that' and he replied that he wanted to see what the tax people came up with first.
Am I out of line for wanting more than 'it'll be fine?' I did not want to bring it up to the VP, I have first hand experience of him promising benefits to others and then not following thru on them.
I think they are going to take me off the project because of this, after getting a very good review last month. Since this issue is up in the air I have not purchased tickets to return to the foreign country. My director wrote me an email claiming i don't want to return to the foreign country, when in my email to her I wrote:
'I understand the tax department is formulating a policy. I still have some questions as to the logistics. The cost is too great to return to other country without knowing more details.