03/05/2018
Hong Kong gives fintech measures the thumbs up
This is a means by which employers can offset long service and severance payments to employees by deducting the amounts from contributions made to the latter’s pension accounts.
Tax
02/28/2018
CTU calls for sunlight on multinational corporate tax
"This bill is a good start, but we think we need to go further - in particular in addressing tax avoidance from the likes of Google and others without a taxable presence in New Zealand," Mr Huggard said today.
02/26/2018
KPMG sells $2bn super admin business
KPMG will sell the business to OneVue, which said that the acuqisition will double its scale, funds under administration and super member administration revenues.
02/23/2018
Australian Ethical underlying profit dips despite membership surge
At the time, the company said that in order to prevent similar pricing errors in the future, shareholders should expect an increase in staff expenses as part of increasing resources in operational, risk and compliance roles.
02/23/2018
China’s SAT publishes new rules on beneficial owners
Bulletin 9 will apply to tax payment or withholding obligations that arise on or after 1 April 2018, and provides welcome clarifications on various aspects of the rules regulating BO status.
02/21/2018
Tax the wealthy instead of burdening average Singaporeans with GST hike: Ex-NMP
The Minister also noted that the government has been tapping on the reserves over the last decade, but that we must dispense these resources “prudently” given the mature economy and aging population.
02/20/2018
Singapore Is Hiking Its Sales Tax, but Not Until 2021 or Later
The bonus comes after Singapore's trade-reliant economy grew 3.6 percent in 2017, its best pace in three years.
02/20/2018
China’s Anti-tax Avoidance Rules
Prior to 2008, a special purpose vehicle was the most common structure used by foreign companies to hold investments in China.
02/12/2018
Private equity shaken by shock tax verdict
The Federal Court decision has thrown into question the tax treatment of limited partnerships, the preferred vehicle of funds managers globally, when investing in Australia.
02/12/2018
Private groups and high net wealth families: A reflection on 2017 and beyond
Taxpayers in receipt of substantial income who have not filed returns or activity statements and taxpayers with offshore dealings in secrecy or low tax jurisdictions will continue to attract the ATO’s attention over the course of 2018.
02/06/2018
ICOs in Singapore – Some Tax Consideration
The regulatory status of an ICO is now squarely on the agenda of those planning an ICO.
02/05/2018
Taxmen cometh online in South-east Asia
Govts targeting e-commerce giants, ride-hailing apps and small traders
02/05/2018
The changing consequences when using foreign trusts
The finalisation of the Determinations in this form is surprising, given that this view appears to be contrary to the established view of many in the market who have utilised foreign trust structures in a funds management or cross-border investment contex
02/01/2018
CJP takes suo motu notice of laundered money in Swiss accounts
“The scope of the revised treaty is limited to the transactions that would be carried out from January 2018,”
01/29/2018
The Zobel brothers’ more than P100-M taxable income
As record stockholder, PCD Nominee held 968.027 million BPI common shares, or 24.575 percent, for foreigners, and 395.461 million BPI common shares, or 10.04 percent, for Filipinos.
01/26/2018
Fears Proposed Korea Tax Change Will Scare Off Foreign Investors
A finance ministry spokeswoman said the government is talking with "related industries" to review the withholding-tax process, but declined to elaborate.
01/25/2018
Macau completes procedures for the extension of the multilateral tax convention
Leong Vai Tac said the government welcomed the news about the EU’s decision to remove Macau from the list of non-cooperating tax jurisdictions.
01/23/2018
As Singapore ages, low tax model creaks
A recent study by the Institute of Policy Studies showed Singaporeans would rather the government dip into its national reserves than raise taxes.
01/18/2018
PM announces one-time amnesty scheme on offshore assets
The PBC has been pushing the demand for the amnesty scheme due to a tightening noose around tax evaders
01/17/2018
Paradise Papers start to reveal their secrets
Australian tax authorities have begun combing through Paradise Papers and identified 731 individuals, according to a report.