As per day, India has SSAs with at least 18 countries and the United States has an agreement with more than 24 nations. On that day, in 1895, the first American motor race took place between Chicago and Evanston. This quiz is… According to industry estimates, Indian companies, mainly in the information technology sector, lose up to $4 billion a year in U.S. Social Security, which is never reimbursed. Shivendra Singh, vice president and chief global trade development at NASSCOM, an interprofessional organization representing the $180 billion technology industry, said a totalization agreement would greatly relieve the Indian worker population in the United States and would also make it competitive for U.S. employers to employ Indian citizens. „Further, if the statute is to impose the requirements, the U.S. Congress must pass laws to amend those rules so that negotiations can continue,“ he said. This time, however, India believes that its chances of convincing the United States of compatibility are greater, as it has introduced several new social security systems for the elderly and those in the disorganized sector in recent years. Under certain conditions, a worker may be exempt from coverage in a contracting country, even if he or she has not been transferred directly from the United States. For example, if a U.S. company sends an employee to its New York office to work for 4 years in its Hong Kong office, and then re-opens the employee for an additional 4 years in its London office, the employee may be a member of Social Security under the U.S.U.K.

agreement. The rule for the self-employed applies in cases such as this, provided the worker has been seconded from the United States and is under U.S. Social Security for the entire period prior to the transfer to the contracting country. The agreement with Italy is a departure from other US agreements because it does not regulate the people cashed in. As in other agreements, the basic criterion of coverage is the territorial rule. However, the coverage of foreign workers is mainly based on the nationality of the worker. If an employed or self-employed U.S. citizen in Italy would be covered by U.S.

Social Security without the agreement, he will remain covered by the U.S. program and exempt from Italian coverage and contributions.