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Offshore Voluntary Disclosure Initiative

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Battle over tax disclosure continues

The Department of Treasury has finally responded to a letter by a coalition of Indian-American organisations, led by the Global Organisation of People of Indian Origin (GOPIO), but reiterated the......

Indians in US discuss tax woes with IRS

With the August 31 deadline for the Offshore Voluntary Disclosure Initiative nearing, four community representatives met Internal Revenue Service officials in Washington, DC, August 18, to voice......

Penalties: Indian Americans seeks Obama's help

Fearing unfair and unprecedented penalties if they fail to disclose their foreign bank accounts by August 31 under a new IRS regulation, several Indian American groups have sought the intervention......

Black money: Muthuraman for amnesty scheme

New CII President B Muthuraman on Wednesday said an amnesty scheme for unearthing black money is feasible provided the government gives a strong message that those not declaring this type of funds......

No new amnesty scheme for tax evaders: Pranab

Government has no plans to bring a new amnesty scheme for tax evaders and wants to amend the Indo-Mauritius tax treaty to curb its abuse by companies, the Rajya Sabha was informed on Tuesday. "We......

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