Managers of Wealth Asia Pacific

Australia's multibillion-dollar legal tax avoidance loophole

The use of trusts to minimise tax is heavily skewed towards the wealthy.

The most recent CFC case in China

This is the most recent case on record of China enforcing CFC rules after the 2014 Shandong case and may predict a trend of strengthening anti-abuse mechanisms in line with the OECD BEPS action measures.

India discusses tax info exchange with global joint task force to plug evasion

Collaboration with JITSIC has been useful for India in its fight against offshore tax evasion.

Indonesia's Bank Mandiri makes private banking push in Singapore

Both countries are signatories to the Automatic Exchange of Financial Account Information (AEOI) led by the Organisation for Economic Cooperation and Development.

Non-resident Indians face tough new disclosure rules

To date, only resident Indians have been required to supply any bank account details held outside of India.

Swiss, Singapore to Share Data

The move is significant because the U.S. for example has been vocal about seeking out so-called Swiss bank leavers.

Deloitte, KPMG & PwC in close race to acquire BMR Advisors

A detailed questionnaire sent to BMR, KPMG, Deloitte and PwC did not elicit any response.

PH tax reform to burden ‘ultra rich’ Filipinos

The shift is said to benefit in building a booming middle class to establish an adherent and sustainable progress of the country.

Indonesia to Look at Money Held in Singapore

The Indonesian Finance Minister estimates that the country's wealth parked overseas amounted to as much as $74.68 billion.

As singapore executes on beps, expect heightened tax transparency

CbCR was introduced to improve transparency.

Wealthy tax cheats face squeeze with extra inspectors

We will appropriately impose taxes on rich people

China Set to Tax Asset Managers

The new tax regime will benefit millions of mainland investors.

China to impose 3 pc VAT on asset managers’ returns from January

The 3 pc VAT, imposed on returns of funds under management, is lower than a 6 pc rate that was due to come into effect on July 1

South Australia’s bank levy hurts economy, says ANZ

The poll revealed 51 per cent of voters believe the opposition parties should block the tax, including 71 per cent of Liberal voters.

Fact check: Indian black money in Swiss banks has reduced but most of it has nothing to do with Modi

The decline has been steady since 2014, when countries across the world agreed to share financial information to curb tax evasion.

India launches national tax amid business doubts

The system gives opportunity to honesty and people who do honest business.

New Zealand-Hong Kong tax treaty updated

The protocol updates the existing double tax agreement between New Zealand and Hong Kong, to allow full exchange of information on tax matters between the two jurisdictions.

Chinese money floods into Hong Kong property, as Beijing set to check taxpayers’ foreign financial accounts

From July 1, China’s top tax authority will start requiring details of any financial assets held in China

Expiry date in tax havens? Jersey shares 'old' records of trusts & foundations

A tax haven would have no obligation to reveal details of bank accounts and trusts that have been closed.

Aussie Banks Get Bashed Again

ANZ Chief Executive Officer Shayne Elliott wasted no time in responding to the South Australian Government’s announcement of a new state-based bank tax.