The Verification of the Social Insurance Premium Reducing Effect by the Conclusion of the Social Security Agreement: \nThe Case of Japanese Companies in Canada
Jazyk: | japonština |
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Rok vydání: | 2021 |
Předmět: | |
Zdroj: | 企業研究. (38):151-174 |
ISSN: | 1347-9938 |
Popis: | application/pdf Employees dispatched abroad must join the social insurance systems in both their home and partner countries, which raises the problem of double burden of social insurance premiums. It is the social security agreement that is concluded between the two countries to avoid this problem. With the social security agreement, companies do not have to join the social security system of the other country, eliminating the double burden of social insurance premiums. This article estimates how much the social insurance premium of Japanese companies has been reduced by the social security agreement between Japan and Canada (signed in 2006 and effective in 2008). Canada’s public pension system (old-age pension) consists of the Old Age Security (OAS) and the Canada Pension Plan (CPP). OAS is funded by taxes and provides a fixed amount of benefits. CPP is funded by social insurance premiums and provides income proportional benefits. Only Quebec has its own Quebec Pension Plan (QPP). QPP is not covered by the JapanCanada Social Security Agreement. The estimation result is as follows. With the conclusion of the Japan-Canada Social Security Agreement, the amount of social insurance premiums that Japanese companies in Canada could reduce in 2016 was approximately 996 million yen. |
Databáze: | OpenAIRE |
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