US citizens who live and work abroad need more clarity from the IRS to prevent them from falling victim to harsh, costly reporting requirements for foreign trusts, taxpayers and advocates told IRS and Treasury Department officials Wednesday.
Many Americans overseas have foreign retirement plans the US regards as foreign trusts that have to file with the IRS. The foreign-trust rules are often unclear and hard to interpret, and the IRS needs to be clearer about when offshore retirement plans do and don’t need to be disclosed, witnesses told the officials at a public hearing.
Croatia and Hong Kong signed an agreement to avoid double taxation of income and property, and prevent tax evasion in a bid to boost bilateral trade of goods and services, the Croatian finance ministry
Following successful launches in Asia, Eastern Europe, Latin America and North America in 2023, ICC is expanding its Advanced Arbitration Academies training programme to include Africa and the Middle
Press Release from Jersey Finance, Friday 18 October, 2024. Jersey’s finance industry has reported robust growth across its funds, banking andcorporate sectors over the first six months of 2024, despite
Britain’s government should refrain from making further tax cuts given the long-term strains on the country’s public finances, the chief economist of the International Monetary Fund (IMF)