Managers of Wealth Asia Pacific

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.”

People’s Republic of China: Pilot program launched for tax-deferred commercial pension insurance

The tax-deferred commercial pension insurance policy is considered an important supplement to the government-sponsored basic pension fund and employer annuity plans

Brazil signs key tax agreements with Singapore and Switzerland

These actions improved the conditions for bilateral investment into Brazil while the grey-listing counter-measure aimed to create an equilibrium between the countries’ tax regimes.

China tax deferral for private pension “very significant”, CSIA head says

CSIA is an official insurance research group under China’s Banking and Insurance Regulatory Commission.

Tax agency cracks down on illegal wealth transfers

Last year, the tax agency collected 2.81 trillion won (US$2.6 billion) in additional taxes from such illegal wealth transfer.

Government targets tax evaders

She said while the ATO found the majority of Australians complied with their tax obligations

Tax Office targets $900m linked to 106 secret Credit Suisse accounts

A separate criminal investigation has been referred to the cross-agency Serious Financial Crime Taskforce.

Get on board the Philippine’s TRAIN

Philippine’s TRAIN introduced amendments to personal income taxation, transfer taxes, taxation of sale of shares of stocks, and documentary stamp tax.