05/02/2018
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.
Tax
05/02/2018
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.
04/23/2018
Banks shouldn't face tax cut ban: govt
Revenue and Financial Services Minister Kelly O'Dwyer does not agree with an independent senator that the banks should be barred from a company tax cut.
04/18/2018
SoftBank fixes tax filings for unreported earnings
The amendments come amid increased scrutiny of the use of tax havens by technology giants such as Google Inc., Apple Inc. and Amazon.com Inc.
04/12/2018
New ITR forms make it difficult to evade tax on HRA: Here's why
The Government's focus on e-assessments is another endeavour to use information technology to effectively assess tax returns and plug tax avoidance.
04/11/2018
Revisiting Panama: Pakistan’s tryst with tax havens
This colossal data leak, the first of its kind, was analysed for a year and compiled into what is now known as the Panama Papers.
04/06/2018
Vietnam seals deal in tax agreement
Tran Lam Tung, Vietnamese Embassy trade attache in Phnom Penh, said the double taxation treaty encouraged international trade and investment along with the free flow of technology.
04/06/2018
Financial secrecy Philippine style
Granted, most of the money was simply being hidden from current or ex wives, boyfriends, business partners and taxing authorities, in a few cases the funds were exceedingly dirty.
04/05/2018
Australia Provides Update On International Tax Enforcement
Next he discussed the transfer of intellectual property offshore, describing it as a growing concern for the ATO
03/28/2018
India tax department freezes certain Cognizant bank accounts: report
India's Income Tax department has frozen Cognizant Technology Solutions Corp's bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT), according to a report on Tuesday.
03/26/2018
Turnbull's company tax cut vote delayed
Reducing the tax cost to business will help increase Australia's well-being in the long run.
03/21/2018
US tax reforms create opportunities and challenges for wealthy Asians
“Our corporate tax rate was, up until December 22, the highest in the developed world at 35%,” he says, pointing to the ‘why’ companies will look at the US differently now.
03/20/2018
India, Hong Kong sign double taxation avoidance pact
The double taxation avoidance pact will stimulate flow of investment, technology and personnel from India to Hong Kong and vice versa, and prevent tax evasion
03/19/2018
IRB doesn’t tax based on ‘perceived wealth’
Second finance minister says there are no records that Jho Low and Reza Aziz have income derived from Malaysia in recent years.
03/19/2018
Will LTCG tax hurt mutual fund flow?
We ask the experts if the reintroduction of LTCG for equities and equity mutual funds will have an impact on the inflows
03/16/2018
Switzerland yet to ratify tax avoidance agreement
After signing, the two sides had agreed to undertake internal procedures for ratification of the agreement.
03/12/2018
Hong Kong’s MPFA backs tax break for voluntary contributions to pension fund
The MPFA applauds the plan, according to Cheng Yan-chee, its chief corporate affairs & executive director.
03/11/2018
Hong Kong: Changes to double taxation relief under DTAs
Furthermore, uncertainties surrounding the Amendment Bill will likely require clarication by the Inland Revenue Department (IRD).
03/11/2018
Vietnam's draft tax on unexplained incomes could lead to money laundering: legislators
National Assembly delegate Truong Trong Nghia said: “We should not impose a personal income tax on civil servants who fail to provide valid explanations for their assets, because the tax would only be levied on their legal incomes.”
03/09/2018
Hong Kong: Changes to double taxation relief under DTAs
If the jurisdiction in which the individual performs the services maintains a DTA with Hong Kong, the taxpayer can opt to claim a foreign tax credit (FTC) on the income instead of taking the exclusion.