Although the 2012 OVDI penalty regime may seem overly harsh for many, the decision to participate should include an economic analysis of the taxpayers projected future earning power that could be generated from the funds held offshore. Participating taxpayers may well benefit by repatriating foreign funds with limited earning potential into a depressed U.S.

Topics:  ovdi   irs   u.s    voluntary disclosure   taxpayers   opportunities   funds   future   business   earning   

 

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