The IMF marked its assessment of external imbalances to market, but its model and approach still struggle to get China right.

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law. It is a landmark piece of legislation that introduces several ...

The One Big Beautiful Bill Act, or OBBBA, makes notable changes to the existing GILTI inclusion rules applicable to U.S. shareholders in a controlled foreign corporation.

The Income Tax Department has access to global financial data through international frameworks like the Common Reporting ...

On May 27, the Federal Communications Commission (FCC) opened two rulemaking proceedings aimed at foreign involvement in U.S. communications ...

Revenue Ruling 2025‑15 (available here) provides guidance on withholding and reporting obligations when a plan participant or beneficiary fails to cash a distribution check and a replacement check is ...

President Donald Trump signed into law P.L. 119-21, the “One Big Beautiful Bill Act” (OBBBA), enacting significant changes to the US ...

Baker McKenzie practitioners analyze the new international tax provisions enacted as part of the “One Big Beautiful Bill” ...

Originally due on July 31, 2025, the date for filing the income tax return has been extended to September 15, 2025. According to the Financial Express, while filing ITRs, taxpayers with overseas ...

Schedule FA (Foreign Assets) in the ITR form is primarily meant for reporting foreign assets, and Schedule FSI (Foreign ...

UK Cabinet Office Minister Pat McFadden has called for election officials to consider banning political donations made in digital currencies.

In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and penalties.