The IRS has announced a special voluntary disclosure initiative to return offshore money back into the U.S. tax system and help taxpayers with offshore accounts get compliant. The new initiative is called the 2011 Offshore Voluntary Disclosure Initiative (OVDI) and is similar to the 2009 Offshore Voluntary Disclosure Program (OVDP), the last such amnesty program for taxpayers with international accounts.
U.S. taxpayers are generally required to report their worldwide income on their tax returns, even if that income is not taxable. This is different from the rules in many other countries.
Binance has registered as a “reporting entity” with India’s Financial Intelligence Unit (FIU), allowing the world’s largest cryptocurrency exchange to operate in India after being blocked since
The UK government is set to implement a new tax regime in April 2025, which will impact non-resident Indians (NRIs) and recent migrants residing in the country. This change will abolish a 200-year-old
Hong Kong boasts almost twice the number of family offices than its nearest rival Singapore, according to a newly published report. The study commissioned by the Hong Kong government and published by
Legislation to impose a minimum tax rate of 15% on large multinational enterprises with an annual turnover of €750 million is ready for implementation. This harmonisation bill transposes the European