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Tag: amnesty

2011 Offshore Voluntary Disclosure Initiative (OVDI)

11 February, 2011

On February 8, 2011, the IRS announced the 2011 Offshore Voluntary Disclosure Initiative (OVDI), designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts

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IRS Targets Non-Resident Indians with HSBC Accounts

30 January, 2011

HSBC, one of the largest banks international banks in the world, is facing rough time with allegations on its holding bankers being involved with a New Jersey Indian American businessman in hiding his bank accounts

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