Totalisation Agreement India Us

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India on Tuesday asked the United States to consider signing a totalization agreement to avoid double deductions from the incomes of workers working in other countries and to allow Indian workers in the United States to recover billions of dollars in social security bonds. “I told (US) President (Donald) Trump that the contribution of our social security professionals should continue to be discussed as part of a totalization agreement. It will be of mutual interest to both of us,” Narendra Modi told reporters in New Delhi with Trump. A totalization agreement is essentially a social security agreement (SSA) aimed at removing the double taxation of social security for international workers. In cases where countries that do not share aggregation agreements are involved, a worker from one country who chooses to work in another country must pay social security contributions, both in the host country and in his or her home country. An SSA should allow international mobile workers to “cumulate” their overall contributions in both countries to determine their entitlement to social security benefits. Mohit Singla, president of the TPCI, said the tabination agreement is an international social security pact that eliminates double taxation of social security, both in his home country and in the country where an employee works. He said the deal should be part of the trade deal negotiated between India and the US. At a joint press conference with the US president at Hyderabad House in New Delhi on February 25, Prime Minister Modi said: “I have asked President Trump that the contribution of our social security experts be further discussed as part of a totalisation agreement. We will both be interested in that.¬†Shivendra Singh, Vice President and Head — Global Trade Development at NASSCOM, an industry association representing the $180 billion technology industry, said a totalization deal would bring enormous relief to the Indian working population in the United States and also make it competitive for U.S. employers to employ Indian citizens.

“For negotiations to continue, as we are told, when we know that the law dictates the requirements, the U.S. Congress must pass laws to amend these regulations,” he said. “Unlike tax credits, there are no SSC credits in either country.