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.
To address a $12 billion budget gap, Gov. Jay Inslee is proposing a 1% wealth tax on the state’s richest residents, according to a budget proposal released Tuesday morning. As one of Inslee’s
America will oppose a proposed global tax on billionaires, Treasury Secretary Janet Yellen has confirmed. Ministers in France, Brazil and other nations have been pioneering an idea to tip the economic
The international community must fulfil its promises to provide greater financial support to small island countries at the frontline of climate change. This was the main rallying call at the Leaders’
Press Release from Guernsey Finance, Friday 28 June, 2024. Guernsey Finance, the promotional agency for the island’s financial services sector, has been selected as a winner in at The WealthBriefing