Managers of Wealth Asia Pacific

Hong Kong residency draws interest from China's elite

Top officials in China's Communist Party are tied to this link via relatives who have established permanent residency in Hong Kong.

Panama Papers leak exposes IE Singapore Chairman

The name of IE Singapore Chairman, Seah Moon Ming, has been found inside the recent Panama Papers, released by the International Consortium of Investigative Journalism

Australian PM Turnbull named in Panama Papers, denies wrongdoing

Australian Prime Minister Malcolm Turnbull on Thursday denied any wrongdoing after being been named in the Panama Papers as a former director of a British Virgin Islands company set up to exploit a Siberian gold prospect.

[Khurram Husain] The need to maintain offshore companies

There are numerous answers, and not all of them involve wrongdoing, says Ali Rahim of Baker Tilly, a chartered accountancy firm in Karachi.

Grant Thornton poaches South Korean member firm from BDO

The pick up of Daejoo Accounting Corporation significantly bolsters Grant Thornton’s footprint in South Korea.

Revised Mauritius tax pact may hit overseas fund flows

The new regime will apply on shares acquired on or after April 1, 2017, the finance ministry said in a statement.

What Mauritius tax treaty changes may mean for markets, investments

Though short-term nervousness is expected in equity markets over the changes in the Mauritius tax treaty, most see the decision as a positive in the long term.

China Has Biggest Number of Links to Panama Papers

The leak has sent shockwaves around the world as the tax avoidance habits of the world's wealthiest people have been exposed.

Expect India to crack down on tax havens like Mauritius, analysts say

India will start imposing capital gains tax on investments coming from Mauritius starting next year, after the two countries agreed to amend a three-decade old treaty.

NZ At Heart of Panama Money-Go-Round

New Zealand is at the heart of a tangled web of secretive shelf companies and obscure trusts being used by well-heeled South Americans to organise their private wealth, business affairs, and channel their funds around the world.

Australia sets diverted profits tax at 40%

Australia plans t to follow the UK with the introduction of a diverted profits tax the so-called Google tax - which will introduce a penalty rate of tax for multinational companies found to have moved profits offshore to improve corporate tax transparency

Australia to target multinational tax avoiders

Treasurer Scott Morrison, delivering his first federal budget in Canberra on Tuesday, said the government intended to raise almost $3 billion over the next four years by targeting companies that funnel profits to tax havens such as Singapore.

Bengaluru to Bhavnagar: Many moved offshore before RBI relaxed forex limits

Offshore account holders claimed NRI status, bought entities from Mossack Fonseca for a few dollars.

Hong Kong urges greater AML and KYC effort after Panama leak

Banks and financial institutions in Hong Kong must "strictly comply" with existing money laundering laws requiring them to disclose the identities of their customers and what they intend to do with their money.

Hong Kong should abolish tax breaks on MPF to fund universal pension scheme

So cost, sustainability and equity seem not to be the real issues.

Income Tax officials zero in on rapidly growing defence dealer

When the NDA government took over in May 2014, it sought a report from the Intelligence Bureau about Bhandari’s dealings.

Two more Hong Kong universities admit they also have offshore companies after Panama Papers exposed PolyU

Renewed calls for a review of transparency standards after fresh disclosures by the University of Hong Kong and Chinese University

Japan’s offshore investors on edge as Panama Papers revelations spark Hong Kong clampdown

But earlier this month, major banks in the territory suddenly stopped accepting Sasago’s applications to open accounts.

Asia export boom hinges on tax hurdle

As revealed by The Australian Financial Review on Wednesday, the government will support the new passport by promising two new collective investment vehicles in the budget.

Details of Thai-Indian DTA Unveiled

Thailand’s withholding tax rate on domestic interest is 15%, so this provision is particularly beneficial.