Managers of Wealth Asia Pacific

'We will hunt this down': ASIC probes bank tax leak

Rumours that a bank tax would be announced in the budget helped wipe off some $14 billion in market value of the lenders on May 9

Paul Hogan paid ‘tens of millions’ to ATO

Sometimes substantial amounts, in the tens of millions, are paid, and that covers the liability.

Japan, Iceland reach basic agreement on tax convention

The convention is hoping to boost mutual investment and encourage economic exchange.

How Hong Kong can shed its reputation as a tax haven

Kalina Tsang says the government’s half-hearted attempt to enforce better information sharing with other jurisdictions to combat cross-border tax evasion does not go far enough, and it should be bolder

Govt targets $100M/year from closing offshore tax loopholes

Tax consequences should not be an obstacle to businesses innovating

Australia Should Extend New Levy to Foreign Banks, Lawmaker Says

Bank levy on foreign firms may raise up to A$800 million

Modi government makes major breakthrough on black money stashed in Swiss bank

The ministry of finance replied, “Information on 628 Indian persons holding bank accounts in HSBC bank in Switzerland was received from the government of France under Double Taxation Avoidance Convention between India and France.

New rules in China lay trap for tax cheats at home and abroad

New reporting regulations meant to help authorities track down evasion at home and corrupt officials overseas

Tax fraud investigation may disrupt Panama papers inquiry

A tenth person has been arrested and charged

Indonesian tax office gets power to probe client bank accounts

The move is part of the country’s efforts to get in line with initiatives such as the Automatic Exchange of Information, according to a report by Reuters.

Advice network buys into accounting industry

P&P was acquired under AZ NGA's usual agreement including a 49% share swap of the firm's equity for AZ NGA shares under a progressive 10-year buy-back.

Spooked by inheritance tax fears, Indian high net worth individuals are opting for family trusts

That’s the new avatar of the Indian richie rich.

Russia, Japan To Sign New Double Tax Agreement

The text of the agreement has yet to be released.

Foreign home buyers hit by vacancy tax and restrictions

The intention is to encourage foreign owners to rent out their investment properties when they’re not living in them.

Crackdown on multinational tax black economy

The Australian government is continuing to crack down on multinational tax avoidance and the 'black economy' under a new set of recommendations to be implemented.

KPMG sees robots taking over tax compliance

The tax profession is ripe for digital disruption.

Pakistan, Bulgaria sign accord to avoid double taxation

The ADTA between Pakistan and Bulgaria will help in increasing bilateral trade and investment

PHL faces hurdles in copying Indonesia’s tax amnesty

The previous administration estimated lost revenue due to evasion at about $10 billion a year.

Indian Banks To Soon Freeze Accounts For FATCA Non-Compliance

The financial institutions were also advised to continue to work on completing the required due diligence, including obtaining self-certifications.

FICCI proposes 10pc corporate tax cut

BWCCI, IBCCI also place their fiscal proposals