The IMF marked its assessment of external imbalances to market, but its model and approach still struggle to get China right.

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law. It is a landmark piece of legislation that introduces several ...

The One Big Beautiful Bill Act, or OBBBA, makes notable changes to the existing GILTI inclusion rules applicable to U.S. shareholders in a controlled foreign corporation.

The Income Tax Department has access to global financial data through international frameworks like the Common Reporting ...

President Donald Trump signed into law P.L. 119-21, the “One Big Beautiful Bill Act” (OBBBA), enacting significant changes to the US ...

Originally due on July 31, 2025, the date for filing the income tax return has been extended to September 15, 2025. According to the Financial Express, while filing ITRs, taxpayers with overseas ...

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

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

In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and penalties.

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

Activities within a foreign trust are reported on IRS Form 3520 – Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, or IRS Form 3520-a – Annual ...