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Ex-Girlfriend Of $36M Crypto Schemer Admits Hiding Profits

by usoftax_admin | Mar 5, 2025 | Tax News

The ex-girlfriend of a cryptocurrency founder who evaded taxes on a $36 million hacking scheme admitted to hiding profits from the IRS and participating in the ploy by heading shell companies and paying Los Angeles sheriff’s deputies to target his enemies,...

IRS Adds 4 Countries To Time Requirement Waiver List

by usoftax_admin | Mar 5, 2025 | Tax News

The Internal Revenue Service added Ukraine, Iraq, Haiti, and Bangladesh to the list of countries for tax year 2024 where minimum time requirements for individuals electing to exclude their foreign earned income are waived.

IRS Updates Foreign Housing Expense Limits For 2025

by usoftax_admin | Mar 5, 2025 | Tax News

The Internal Revenue Service released adjustments to the limitation on foreign housing expense deductions and exclusions for 2025 on Wednesday.

Egypt creates new window of opportunity to fulfil TP compliance requirements

by usoftax_admin | Mar 5, 2025 | Tax News

Nouran Ibrahim and Mahmoud Ashraf of Saleh, Barsoum & Abdel Aziz – Grant Thornton Egypt say taxpayers required to submit transfer pricing documentation could avoid penalties by acting in response to a recently published law

Singapore Budget 2025: laying the groundwork for a resilient future

by usoftax_admin | Mar 5, 2025 | Tax News

Dario Acconci of Hawksford argues that Singapore’s 2025 Budget, which features a hefty corporate income tax rebate, is ‘generous and forward-looking’

Residence-based taxation gains weight under new China–Italy double taxation treaty

by usoftax_admin | Mar 5, 2025 | Tax News

Paolo Ludovici and Daniel Canola of Gatti Pavesi Bianchi Ludovici highlight that the new Italy–China double taxation treaty will favour the retention of greater taxing rights based on the residence principle
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