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.
Four right-center parties that reached an agreement to form the government of the Netherlands have presented a joint program. The coalition agreement heralds a change in political direction, writes
Press Release from Carey Olsen, Friday 29 November, 2024. Carey Olsen has advised on an innovative captive assisted value share bulk purchase annuity (BPA) transaction with M&G plc (“M&G”).
The EU’s General Court has upheld the European Commission’s controversial decision to classify nuclear and gas-fired power as sustainable investments, rejecting a lawsuit brought by Austria. Under
Vanuatu’s government has announced a suspension of new applications for its Citizenship For Investment Program. Commonly known as Vanuatu’s Golden Passport, the scheme offers, citizenship