Rapid changes in political leadership are reshaping tax and trade policies worldwide. An increase in tax controversies is prompting governments to enhance revenue collection efforts. As businesses ...

President Bola Ahmed Tinubu made history by signing into law four comprehensive tax reform bills that promise to transform ...

Schedule FA (Foreign Assets) in the ITR form is primarily meant for reporting foreign assets, and Schedule FSI (Foreign Source Income) is meant for reporting income from foreign sources.

From crypto coins to bibles, overseas development deals to an upcoming line of cellphones, President Donald Trump's family ...

UK Cabinet Office Minister Pat McFadden has called for election officials to consider banning political donations made in digital currencies.

The House is expected to approve President Donald Trump’s request to claw back about $9 billion for public broadcasting and ...

Foreign trust reporting obligations can apply to a domestic trust established even within the US and the recent regulations make compliance more difficult.

AI Lack of IRS transparency on AI jeopardizes public trust, advisory panel says The agency has lost more than 25% of its workforce since the beginning of the Trump administration, per the Taxpayer ...

In particular, specific approval must be requested for a foreign trust or other entity that is organized in a foreign country, or an individual that is a citizen of a foreign country, if such entity ...

Northern Trust is fully committed to remaining independent, the bank said on Monday, after the Wall Street Journal reported that Bank of New York Mellon had approached the asset and wealth manager ...