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.
Press Release from Carey Olsen, Tuesday 21 January, 2025. Carey Olsen has advised global leader in automotive processing and networking, NXP Semiconductors NV (NASDAQ: NXPI) (“NXP”) on
Cyprus is under pressure to adopt a minimum 15% corporate tax rate on multinational companies with revenues above €750 million, as the European Court of Justice has referred the country for delayed
Greece has claimed the top spot in the Global Residence Program Index for the first time, with its golden visa program scoring 73 Malta has once again secured the top position in the Henley and Partners
The Sultanate of Oman and the Republic of Ireland today signed in Muscat an agreement for the avoidance of double taxation. The agreement pertains to taxes on income and the prevention of tax evasion