Managers of Wealth Asia Pacific

1.2 trillion euros worth Asian wealth kept offshore: OECD report

The report released during the fourth meeting of ‘Asia Initiative’ held in New Delhi, underlined the need to check tax evasion and illicit fund flows

Richest Kiwis pay about half as much tax on the dollar as the average New Zealander

Revenue Minister David Parker said the low tax rate was explained by the fact they received about 80% of their income in form of capital gains, much of which was earned through trusts and companies and which was often untaxed.

Mercer proposes superannuation tax overhaul

Mercer senior partner David Knox said the recommendations would improve the super tax system now and into the future.

The rationale of implementing a double tax treaty between Australia and Greece

International tax lawyer and academic, Tony Anamourlis delves into the challenges and benefits of the much anticipated agreement between the two countries

FAR to display whether financial advisers can provide tax (financial) advice

The requirements with respect to QTRPs are separate to those which require financial advisers to be registered with ASIC by 1 July 2023.

KPMG proposes tax offset, reform to boost gender equality

"The CARITO wouldn't be gender specific, but since women do most of the caring work it would be most beneficial to them."

Leading investment management firm implements GBST’s Pre-Trade Tax Analyser

“Providing visibility to investment managers regarding the tax impact of a proposed trade prior to trading, is the only way managers can ensure these tax benefits are not inadvertently lost, and we are delighted that our patented solution will be us

KPMG Launches Embedded Finance Hub in Singapore

«Embedding relevant financial services in the user journey of non-financial services industries can enhance convenience and value to both customers and businesses,» said the Monetary Authority of Singapore’s chief fintech officer Sopnend

HKMA Releases the Guidelines on Auditor’s Report for Application for Certification of Funds for Carried Interest Tax Concession

The Auditor’s Report Guidelines set out the requirements and other matters in relation to the auditor’s report.

Leo Wealth Opens Tokyo Office for US Tax Services

The new office will specifically focus on US income tax preparation and planning, tax compliance, and cross-border inheritance tax planning and tax-efficient outcomes.

Big Four audit firms dangle higher pay to keep Singapore talent

The push by the city-state's biggest audit firms to offer larger paychecks reflects the broader competition for skilled talent in the financial hub, where firms from banks to technology companies are expanding

Super-Rich Families Face Longer Wait for Tax Breaks in Singapore

Singapore has worked hard to attract some of the world’s wealthiest clans; its low taxes, relative safety and gradual re-opening of its borders have made it an ideal haven.

Industry Taskforce Consults on Second Version of Green and Transition Taxonomy

The three sectors covered under this second version are part of the eight focus sectors3 that collectively account for close to 90% of ASEAN greenhouse gas emissions.

Singapore: Additional Buyer Stamp Duty of 35% chargeable on the transfer of residential property into certain trusts with effect from 9 May 2022

By way of background, ABSD is imposed under the Stamp Duties Act 1939 (‘SDA’) on an agreement for sale

Singapore’s latest tax targets super rich

“The new rule is targeted at the wealthy,” said Nicholas Mak, head of research at ERA.

Beneficial ownership transparency: how to fix a serious secrecy loophole in the automatic exchange system

This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements related to the Foreign Account Tax Compliance Act

Making tax dispute resolution more effective

Andorra, Macau (China) and Tunisia ensure that MAP agreements can always be implemented notwithstanding domestic time limits.

Singapore Family Offices Set to Face Tighter Tax Incentive Rules

In addition, such family offices must have a minimum of two investment professionals with a 1-year grace period for hiring the second professional and minimum local business spending of S$200,000, subject to tiered criteria based on the assets under manag

Double taxation relief for Indian IT companies operating in Australia

Both the trade deal and changes to domestic Australian tax laws will come into effect once the Australian Parliament ratifies the deal after the general elections due in May are completed in Australia

Are Hong Kong tax incentives for family offices ‘too little, too late’? Some lawmakers think so

It maybe too late as Singapore has offered tax waivers since 2020, lawmaker for accountancy constituency says