The programme known as 457
visa allows business to employ foreign workers for a period up to four years in skilled jobs where there is a shortage of Australian workers.
Reports today that Labor Leader Bill Shorten intends to take a tougher approach to 457
visas for foreign workers are laughable.
In June, the Internal Revenue Service (IRS) proposed long-awaited regulations expected to influence the reporting and taxation of benefits paid under 457
He also explained that Blocks 455 & 457
are in need of another entrance, as there is presently one entrance from Shaikh Isa bin Salman Highway.
But I read an article in The Lamp regarding the issue of 457
visa holder nurses vs.
More than seven years in the making, the issue first came to light in 2004 when the IRS issued a private letter ruling that stated that a FCU was not an eligible employer under Section 457
of the IRC because it was a federal government instrumentality.
These plans, governed by Internal Revenue Code Section 457
, supplement 403(b) qualified plans set up for tax-exempt organizations' rank-and-file workers.
Code section 457
provides rules governing all nonqualified deferred compensation plans of governmental units, governmental agencies, and also non-church controlled tax-exempt organizations.
The business long-stay or subclass 457
visa is Australia's main temporary visa for employer-sponsored skilled persons.
Recent amendments to IRC sections 457
and 3401 changed the characteristic of distributions from a government section 457
deferred compensation plan, from payment as wages to payment as a pension or annuity.
Current law allows deferred compensation to be offered to key executives exclusively within Section 457
of the Internal Revenue Code.
School districts around the country are now offering 457
Deferred Compensation Plans, and many of them are making the NEA Valuebuilder[R], Mutual Fund 457
Plan available to members.