Managers of Wealth Asia Pacific

China cuts taxes to protect its economy from the trade war

China is looking for new ways to pump up its slowing economy as a trade war with the United States escalates.

OECD to help Pakistan implement world tax standard

The OECD noted the good progress made by Pakistan on the implementation of the BEPS minimum standards

Offshore traders should not be immune from Australian tax laws

Local retailers railed against this tax handicap for years.

50 high net worth individuals in tax net for buying Nirav Modi diamonds

I-T dept said that discrepancies of concealed cash payments were found, which in some cases may be in several lakhs.

High-income earners in China fear new tax law

China now levies tax on salary progressively in seven brackets, ranging from 3% up to 45%.

Heavier tax on the rich

Policymakers needs to minimize side-effects

Tax residency and the UHNW nomad

Geographical mobility for the wealthy has in recent years become common place, and brings with it both challenges and opportunities which arise from choices made by the tax nomad on tax residency.

Tax chiefs unite to tackle international tax crime

HMRC has formed an alliance with tax enforcement bodies in 4 countries to share intelligence and expertise in the battle against international tax crime.

China unveils new tax plan to boost spending

The upper limit on the 20% bracket, for example, has been lifted from $16,000 to $45,000.

New Zealand passes BEPS bill to prevent multinational tax avoidance

This legislation will ensure that multinationals pay tax based on the actual economic activity they carry out in New Zealand

OECD launches largest source of comparable tax revenue data

“It is a vital foundation for tax policy reform and in supporting efforts to raise domestic resources to fund development”.

Thailand planning new tax law for foreign firms

The Revenue Department currently has no power over foreign companies that use their lack of physical presence in the country to avoid VAT payments.

Double tax-treaties draw Henderson Far East back to London

This is due to ‘the greater number of double tax-treaty agreements between the UK and overseas jurisdictions’ that means companies are only taxed once, not twice.

Offshore funds want relaxed rules, tax sops to trade in Gift City

Offshore funds also want simpler customer identification norms that can protect client confidentiality

S’pore is 11th priciest city after taxes for top earners: Sovereign

Sovereign adjusts rankings of expensive cities by Economist Intelligence Unit

Enforcing the Foreign Account Tax Compliance Act in the Philippines

The target of Fatca are “US persons,” meaning US citizens and US permanent residents who are residing outside the US.

THAILAND: Guidance issued on tax treatment of cryptocurrency

Operators for this purpose include intermediaries, brokerages, providers of platforms and dealers.

Andersen Global enters India with Vaish tie-up

This entity was later rebranded as Andersen Tax in 2014.

Switzerland set to amend anti-money laundering law

The Swiss Federal Council has now initiated the consultation process for amendments to the country's anti-money laundering law.

Andersen Global Announces Presence in India

“Best-in-class, integrity and independence remain our priorities, and we will continue to expand our team in India with this in mind.”