The US Internal Revenue Service (IRS) has announced that the amount individuals can contribute to their 401(k) plans in 2022 has increased to USD20,500 (up from USD19,500 for 2021 and 2020).

Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion.

Among other pressing topics, tax policy specialists and senior Government officials throughout the day-long meeting – which featured three…

The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes.

On March 25, 2020, the United States Senate overwhelmingly approved the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which represents the third package of financial aid measures to businesses and individuals affected by the coronavirus crisis and which includes numerous tax provisions to support businesses.

Just because the IRS is auditing fewer tax returns, don’t assume you can dupe the taxman.

The credits are the same type as those in a $5 billion federal proposal from Education Secretary Betsy DeVos.

On October 1, 2019, the United States Treasury Department and the Internal Revenue Service announced an administrative relief for certain US persons that own stock in certain foreign corporations.

Case may have implications for British citizens born in US, who risk having accounts frozen

On August 5, 2019, the United States Department of Justice announced that Swiss bank LLB Verwaltung (Switzerland) AG has agreed to pay a penalty of USD10.6m to resolve a case in which it was accused of helping US clients to conceal income.

Withdrawing Roth IRA investment earnings before the account is five years old could trigger taxes and penalties.