arabic correspondent rima comedy a little rima is sitting down with me to tell us. and on the latest economic happenings in around the middle east it's all coming up to. our lead story today u.s. tax was always a light being sarcastic there now under new rules announced by the i.r.s. on wednesday if folks with offshore bank accounts don't disclose those accounts to the internal revenue service by august then those individuals are going to face dramatically steeper penalties than if they just fessed up to holding those accounts a couple months prior now starting august fourth taxpayers making such voluntary disclosures about offshore bank accounts will have to pay a penalty of fifty percent have fifty percent of the accounts entire value that's a lot of money and not the current twenty five point seven percent for sure now the penalties are among changes to the i.r.s. is offshore voluntary disclosure program a program that is drawn forty five thousand account holders and six point five billion dollars since two thousand and nine this will particularly affect u.s. cit

arabic correspondent rima i will come da sitting down with me to fill us in on the latest economic happenings in around the middle east it's all coming up this.