Managers of Wealth Asia Pacific

Parliament tables new tax laws for investment trusts

Offshore investors are often not familiar with the nuances of the Australian unit trust as an investment vehicle

Corporate tax avoidance bill may deliver little more than hefty fees for tax lawyers

A tax benefit is a reduction in assessable income or an increase in allowable deductions.

Private school fee records used to target offshore tax evasion

He said the ATO had 5000 client names from wealth management firms and a list of 100 advisers and promoters who had a "direct link with people who may have evaded taxes".

INC: Execs don’t have Swiss bank accounts

If they can prove that any of our INC leaders have offshore accounts in the Cayman Islands or in Switzerland, they can have the cash in all of them

Gold monetisation scheme: Investors to be exempt from Income Tax, Capital Gains Tax

The gold monetisation scheme has failed to attract many investors in the first tranche.

Australia: The case for a cut in company tax

Commentators also argue that Australian companies are avoiding tax by shifting profits offshore to tax havens.

Agreement for the avoidance of double taxation between Romania and Hong Kong

The agreement will come into power at the date of the last notification in which the parts inform one another with regards to the necessary procedures to get into power.

Black money probe: India seeks Swiss help in probe into Preneet Kaur, son’s bank accounts

The Swiss tax department has made these disclosures in two separate notifications published today in the Switzerland government's federal gazette.

Tax rich old men, restrict wealthy pumping pre-tax income into super: report

Its first major proposal is to restrict "concessional contributions" made from pre-tax income to $11,000 per year.

Tax levy by Mauritius can solve treaty abuse: India

Concerned over DTAA misuse, govt for island nation levying capital gains tax on entities incorporated there

Crackdown on Caribbean tax havens a surprise boon for Hong Kong

For Hong Kong this renewed assault may actually work in the city’s favour.

Tax Commissioner Chris Jordan says tougher laws forcing multinationals to play ball

He said some multinationals may still not be complying with the law by attributing profits offshore in lower-tax or no-tax nations where there is not significant economic activity.

Wealthy few must not be allowed to hijack tax debate

First, some background. Under consideration is a bill that would exempt Australia's wealthiest privately-owned companies from publicly revealing on this particular register the tax they pay.

A death tax makes good sense in our rich, ageing country

An inheritance tax is the fairest and most painless tax of all. It affects only on the richest part of the community, but not while they are alive.

Crowe-Findex reveals new pay structure

It will cover 3000 staff in 120 offices across Australia and New Zealand.

ATO cracks down on 'wealth extraction strategy'

The company typically doesn't control or benefit from the profits.

Senate inquiry backs tax avoidance bill

A Senate committee has recommended the government review proposed multinational tax avoidance measures within three years to ensure they stop companies siphoning profits offshore.

Tax evasion will be difficult when information exchange comes: Jaitley

The world is also increasingly moving towards a situation where you can't shift the profits that you earn in one jurisdiction and erode the capital base of that jurisdiction itself

Vexed issue of ethics: investing in hedge funds in tax havens

But it’s worth working through whether investing in hedge funds in tax havens is both legal and ethical.

India to apply 5% withholding tax to offshore rupee bonds: Official

The clarification comes amid some confusion about whether the withholding tax also applied to offshore debt.