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U.S. IRS Reopens Offshore Voluntary Disclosure Program

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Jan. 11 – The U.S. Internal Revenue Service (IRS) reopened its Offshore Voluntary Disclosure Program (OVDP) on Monday, giving U.S. citizens with hidden offshore assets another chance to come clean. The revival of the OVDP follows the closure of the 2011 and 2009 programs, during which around 33,000 voluntary disclosures were made and a total […]

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