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.
The appodixi digital platform produced 28,910 complaints, of which 3,879 are anonymous, and 25,031 are eponymous An online digital platform launched by the Greek tax authorities called “appodixi”
A new presidential administration brings new priorities. President Donald Trump is shifting tax enforcement away from the typical small-business owner and more toward dismantling criminal organizations
On 4 December 2024, the General Director of the Department of Finance, Dubai, issued Administrative Resolution No. 107 of 2024 (the “Resolution”), providing guidance on the implementation
In an effort to improve competitiveness, European tax experts are pushing for a major tax system overhaul. The current complexities cost EU members significant revenue and hinder cross-border investment.