09/19/2016
OCBS NISP appointed as amnesty gateway
OCBC NISP has prepared several instruments that can be used by people participating in the program, ranging from deposits and insurance products to investments, treasuries and loans.
Tax
09/19/2016
Japs Hit Apple For Back Taxes, As Apple Screws Developers
Currently Apple Australia is being investigated by the Australian tax office.
09/16/2016
South Korea Sees Surge In Offshore Disclosures
The number of taxpayers reporting undeclared offshore assets rise over the the first half of 2015
09/16/2016
ATO goes after two new multi-national tax avoidance tricks
Australian Tax Office has vowed to review any new offshore arrangements it thinks are "artificial" and "contrived"
09/15/2016
Private banks in Singapore reporting Indonesians embracing tax amnesty to police
Both the Singapore police and MAS declined to comment.
09/15/2016
ATO warns accounting firms on tax avoidance
The only way to stamp out such behaviour is to issue large financial penalties to those promoting and facilitating such structures.
09/13/2016
India to get tax, banking related info from Seychelles
The island nation has long been perceived as one of the preferred offshore havens for routing funds.
09/12/2016
To really tackle corporate tax evasion we need a public register
At the moment it is difficult, if not almost impossible, to ascertain the beneficial owners of any Australian company.
09/12/2016
DBM crafts rules on direct remittance of taxes
Budget department to implement rules and regulations of taxes to be directly remitted
09/11/2016
Tax evasion challenge Pakistan, Switzerland moving towards greater cooperation
This agreement contained the old version of article 25 on exchange of information which had very limited scope and did not oblige any of the contracting states to exchange information held by the other''s institutions, including banks.
09/09/2016
Panama Papers-linked Australians on the hook after ATO raids
The information has revealed significant taxation evasion arrangements that promoters have put in place for their clients.
09/08/2016
More Fat Cats Voluntarily Report Offshore Assets
The total reported amount was W4.8 trillion or an average of W9.3 billion per person.
09/06/2016
How Singapore and Australia Are Working to Battle Tax Evasion Together
Last year, Singapore, a trading hub of the world’s largest commodity companies, came under scrutiny from the governments of some resource-producing countries such as Australia
09/05/2016
FBR sends notices to owners of 600 offshore companies
Including the family members of Prime Minister Muhammad Nawaz Sharif
09/05/2016
Indonesia takes the fight to Singapore
Proposed Tax Amnesty Bill tackles the issue of international tax evasion head on
09/05/2016
Panama papers: Nawaz Sharif's kin among 450 people served tax notice
Khan warned the FBR and National Accountability Bureau against failure to take against Sharif.
09/05/2016
Taxes on pension funds increase as baby boom generation goes into retirement
Within the generation, people born in 1958 form the biggest segment.
09/02/2016
Singapore industry relieved at low impact of Indonesia tax amnesty
Assets returned must be kept in Indonesia for three years, in funds managed by appointed banks or invested in property.
09/01/2016
Pakistan to sign tax agreement with OECD
Minister for Finance Ishaq Dar termed the decision a historic one while briefing a crowded press conference regarding decisions of the Federal Cabinet here at the Prime Minister’s Office.
08/31/2016
Deloitte Acquires Wealth Firm
Deloitte in Australia has announced that Morse Consulting will join its Australian business.