Legal
US announces changes to the Offshore Voluntary Disclosures Programs
On 18 June the US Internal Revenue Service (IRS) announced major changes to its offshore voluntary compliance programs, resulting in new guidance for both taxpayers overseas and those residing in the US. The changes include: Modifications to the 2012 Offshore Voluntary Disclosure Program (OVDP); and An expansion of the 'streamlined'…
Continue Reading
Subscribe to unlock the full article and access premium financial content.