Managers of Wealth Asia Pacific

India seeks to restart talks with Panama on TIEA to dig up dirty money

The Panama Papers were released earlier this week. The details were made public by the International Consortium of Investigative Journalists.

Australian tax office probes hundreds for possible tax evasion after Panama Papers leak

The probe follows the reported leak of more than 11.5 million documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama, revealing details of hundreds of thousands of clients.

Court summons owners of British Virgin Islands' companies for wrong tax returns

The companies set up in BVI in turn could be holding properties and other assets in London, Dubai and other places. Persons who are found guilty and are unable to obtain stay order from the High Court, can be arrested under the law in these cases. More su

Georgia to avoid double taxation with South Korea

This double liability is often mitigated by tax treaties between countries.

Indonesia seeks to curb use of tax havens by companies

Brodjonegoro was quoted by media as saying the tax authority has identified 2,000 SPVs set up by Indonesian firms and 6,000 saving accounts in tax-haven countries.

Will a tax amnesty in Indonesia make any difference?

It was originally planned to be implemented in early 2016, to offer low tax rates to those who declare untaxed wealth.

Private companies restructure to avoid being named on ATO's tax disclosure list

The laws require the Australian Taxation Office to publish the tax details of about 300 of Australia's wealthiest private companies with revenue of $200 million or more.

China’s central bank deputy governor dampens policy expectations by saying Tobin tax ‘still at research stage’

Capital outflows from China have been fuelled by concerns about its economic slowdown and expectations of higher US interest rates.

Govt notifies tax regime for offshore funds with India-based manager

In line with the government’s focus on attracting foreign investment into the country, the Union Budget made management of offshore funds much easier, by ensuring that offshore funds managed by fund managers in India don’t come under the ambit

Tax authorities' amnesty schemes have failed miserably

The scheme attracted over 4.75 lakh declarations of which 3.09 lakh pertained to jewellery and other movable chattels. VDIS of 1997 allowed 'declarants' to disclose their possession at backdated values.

Budget 2016: FM's plan focused on taxation of retiral schemes

The key provisions in direct taxes which have been proposed in this Budget

Income tax department examining HSBC reply in blackmoney case: CBDT

The bank, without disclosing the names of the Indians who indulged in the alleged tax evasion through its Swiss or Dubai units, had recently announced in its annual results

Thailand, US sign agreement to share tax information

The Foreign Account Tax Compliance Act, enacted in 2010

Foreign investors face new tax hurdle to get FIRB approval

These changes will be imposed through standard conditions included in all foreign investment approvals under Australia's foreign investment regulatory regime.

Singapore Banking Secrecy Makes Ripe Target for IRS

The IRS asked a federal judge in Miami to force UBS

New tax chief to target the rich

He reasoned that only 27 million people payed taxes out of 129 million people categorized as middle and upper class

Taxman taking technology help to check evasion by rich groups: CBDT

Talking about the surcharge levied on high income taxpayers in the Budget

MPs deny holding offshore trusts, companies

Opposition MPs issue joint statement in reply to individual questions

NZ Endeavour agrees Qrops deal with Malta's Elmo

New Zealand pension firm NZ Endeavour Trustees has agreed terms with Malta-based Elmo Pensions to facilitate a partial or full transfer of pension assets between two of their respective Qrops funds.

The 13 tax havens where rich Indians stash their money

The Modi government is hoping to choke India's black-money culture with mandatory tax number declarations for people shopping with large sums