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.
Several European airlines are already considering charging passengers an ‘environmental cost surcharge’ as they face up to climate change goals, but frequent flyers could feel the sharpest sting
An anti-money laundering (AML) expert has queried why there is a reluctance among estate agents to accept and follow AML responsibilities. It comes as HMRC figures showed more than 200 estate agency
Press Release from Carey Olsen, Friday 4 July, 2025. Carey Olsen’s corporate team in Jersey has represented Rosebank Industries plc (“Rosebank”) in connection with its announced acquisition
Press Release from BVI Finance, Wednesday 12 February, 2025. STATEMENT BY PREMIER AND MINISTER OF FINANCE HONOURABLE DR. NATALIO D. WHEATLEY FEBRUARY 5TH, 2025 The BVI Government strongly refutes