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The text outlines two core provisions—single-country taxation rules and pro rata “totalized” benefits—and estimates potential net savings running into tens of millions annually, with examples from Germany and Italy.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/multinationals-and-their-international-employees-may-be-relieved-of-double-social-security-taxes/322635/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/multinationals-and-their-international-employees-may-be-relieved-of-double-social-security-taxes/322635.png","ImageObject",300,407,{"name":42,"@type":43},"Oliver","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-11-02","2026-09-21",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",11,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What problem do “totalization” agreements address for multinational employees?","Question",{"text":63,"@type":64},"They are designed to relieve employees from being subject to duplicate social security coverage across two countries.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Who negotiates the reciprocal “totalization” agreements?",{"text":68,"@type":64},"The Department of Health, Education and Welfare (HEW) is authorized to negotiate reciprocal agreements with other countries.",{"name":70,"@type":61,"acceptedAnswer":71},"What are the two provisions included in totalization agreements?",{"text":72,"@type":64},"First, only one country imposes social security tax under agreed rules. Second, citizens can receive pro rata “totalized” benefits based on periods too short to qualify for full benefits from one country.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},322635,1790468791,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,106,111,115,120,123,127],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":93,"show_sort_weight":94,"slug":95},"Exam",70,"exam",{"id":97,"doc_module":4,"doc_module_name":25,"category_name":98,"show_sort_weight":99,"slug":100},5,"Comic",60,"comic",{"id":102,"doc_module":4,"doc_module_name":25,"category_name":103,"show_sort_weight":104,"slug":105},6,"Technology",50,"technology",{"id":107,"doc_module":4,"doc_module_name":25,"category_name":108,"show_sort_weight":109,"slug":110},7,"Healthcare",40,"healthcare",{"id":112,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":113,"slug":114},8,30,"research-report",{"id":116,"doc_module":4,"doc_module_name":25,"category_name":117,"show_sort_weight":118,"slug":119},9,"Religion & Spirituality",20,"religion-spirituality",{"id":118,"doc_module":4,"doc_module_name":25,"category_name":121,"show_sort_weight":118,"slug":122},"World Cup","world-cup",{"id":124,"doc_module":4,"doc_module_name":25,"category_name":125,"show_sort_weight":124,"slug":126},10,"Lifestyle","lifestyle",{"id":128,"doc_module":4,"doc_module_name":25,"category_name":129,"show_sort_weight":97,"slug":130},19,"General","general",{"code":4,"msg":82,"data":132},{"doc_id":79,"user_id":133,"nickname":42,"user_avatar":134,"doc_module":4,"category_id":112,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":97,"language":140,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":12,"update_tm":144,"read_time":145,"preview_page_count":4},8796095461610,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","Newsletter  \nEDITOR:MORTON MEYERSON □ Copyright 1978 by Coopers āLybrand  \nIN THIS ISSUE  \nMultinationals and Their International Employees May Be Relieved of Double SocialSecurity Taxes.The Department of Health,Education and Welfare has been authorized to negoti-ate reciprocal agreements with other countries to end duplicate social security coverage and,veryoften,to compensate employees penalized because of it in the past.Savings,because of these\"totalization\"agreements,could total tens of millions of dollars annually.P.2.  \nCarter Proposal Would Knock Out Income Tax Deferrals on CFCs□ 3Washington Tax Advisory□ 4  \n# OTHER DEVELOPMENTS\n\nSEC Addresses Accounting for Oil and Gas Exploration Costs.Following public hearings,theSEC is proposing adoption of the \"successful efforts\"method recommended in FASB StatementNo.19.Proponents claim that it more accurately pinpoints the high cost of locating and acquiring oiland gas,and most comments filed with the SEC favored FASB No.19,although some requestedcontinuation of choice or further SEC investigation.The \"successful efforts\"method would,how-ever,force many smaller companies,now using full-cost accounting,to report reduced earningsand net worth.Such a switch,they claim,would drive themout of business by hampering their abilityto raise capital.In turn,energy supplies would dwindle further,thereby negating the intent of theNational Energy Plan.  \nAICPA Holding Public Hearing on Requiring Audit Committees.The meeting,the latest in aseries of moves to stimulate the creation and use of audit committees by the nation's corporations,will be held at the Hyatt Regency O'Hare(Chicago)on May 31.The announcement of the meetingwas made in conjunction with the release of a discussion paper analyzing the issues in requiringcompanies to establish audit committees.This paper echoes the push for audit committees by theSEC,the New York Stock Exchange,Congress,and the Institute over the last 10 years.Among themajor topics on the conference agenda:Should the Institute require audit committees to assist acompany's independent directors and auditors in fulfilling their responsibilities?Should the require-ment be applied to all public entities,all SEC registrants,or only certain ones?What should therequirements be for independence andqualifications of audit committee members?Should specificduties be designated to be performed by audit committees?  \nAny Changes in Measurement Concepts To Show Effects of Inflation Should Be Made asSupplementary Disclosure.The FASB has recently decided that any major changes in measure-ment concepts necessary to show inflation effects on businesses should be presented as supple-mental disclosures,not in modifications to the basic financial statements.The Board's preferencefor this method is that it allows preparers,auditors,and financial statement users to gain experienceunder less rigid conditions than if the changes had to be made immediately in the basic financialsthemselves.In turn,that experience could furnish a foundation for a later FASB decision to changethe measurements in the basic statements,or it could decide that no change was needed.  \nMULTINATIONALS  \n# Double Social Security Payments by MultinationalsWil BeEliminatedby “Totalization”Agreementsts\n\nMultinational companies and their interna-tionally mobile personnel will benefit sub-stantially from a provision to provide relieffrom double social security,enacted in the T1977Amendmentsto the Social SecurityAct.AA U.S.company currently operating in a tforeign country must pay the country's social tsecurity tax for U.S.citizens working there,seven though the company would usually pay gU.S.social security tax forthe sameemployees.wSimilarly,foreign enterprises sending em-hployees to the United States would often besubject to both U.S.and foreign social security ytax as well.But the new law now permits the cDepartment of Health,Education and Welfare t(HEW)to negotiate reciprocal agreements wwith other countries to end","cbCaip3OSUtvEZqO","https://ap.wps.com/l/cbCaip3OSUtvEZqO","pdf",1289467,"English","# OTHER DEVELOPMENTS\n## SEC Addresses Accounting for Oil and Gas Exploration Costs\n## AICPA Holding Public Hearing on Requiring Audit Committees\n## Any Changes in Measurement Concepts To Show Effects of Inflation Should Be Made as Supplementary Disclosure\n# MULTINATIONALS\n## Double Social Security Payments by Multinationals Will Be Eliminated by Totalization Agreements\n## Totalization in Germany and Italy","[{\"question\":\"What problem do “totalization” agreements address for multinational employees?\",\"answer\":\"They are designed to relieve employees from being subject to duplicate social security coverage across two countries.\"},{\"question\":\"Who negotiates the reciprocal “totalization” agreements?\",\"answer\":\"The Department of Health, Education and Welfare (HEW) is authorized to negotiate reciprocal agreements with other countries.\"},{\"question\":\"What are the two provisions included in totalization agreements?\",\"answer\":\"First, only one country imposes social security tax under agreed rules. Second, citizens can receive pro rata “totalized” benefits based on periods too short to qualify for full benefits from one country.\"}]","Multinationals and Their International Employees May Be Relieved of Double Social Security Taxes | PDF",1789963176,13]