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2012 June 26 – Rubin

Richard Rubin
IRS says offshore tax disclosures have yielded $5 billion
Bloomberg (26 June 2012)


This article covers U.S. announcement of additional new procedures for extraterritorials subject to their taxation, and updates the total amount brought in under the OVDI programs to $5 billion (based on “almost 35,000 disclosures”). IRS Commissioner Douglas Shulman wants people to “get back in the system in a seamless way,” and he mentions a “broader goal [of upping] the risk calculus for the next generation of taxpayers.”

Written by usxcanada

26 June 2012 at 6:00 am

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