Managers of Wealth Asia Pacific

Dick Smith says billionaires are 'disgusting' and should pay their fair share of tax

He’s a one-time electronics entrepreneur whose net worth was once $50 million.

OECD Rewrites Corporate Tax Rule Book

Reforms to the international tax system for curbing avoidance by multinational enterprises

India, US set anti-tax evasion deal in motion

India has sent the first set of information about Americans holding financial assets in India to the US revenue authorities

Black money law comes into force from Thursday

The law provides for a compliance window for declaring and paying penalty and a failure to meet the timeline will attract an additional penalty of 90 percent for a total tax liability of 120 percent on the quantum of black money stashed abroad.

Indo-US pact to combat black money to get operational Wednesday

automatic sharing of information on bank accounts as well as financial products such as equities, mutual funds and insurance

No action under FEMA for disclosures during black money window

Government has clarified that all those declaring overseas assets during the black money compliance window will not face any penalty or prosecution under FEMA and four other laws.

OECD to release BEPS package for reform of the international tax system to tackle tax avoidance

The OECD will release the final package of measures for a co-ordinated international approach to reform the international tax system under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project on Monday 5 October 2015.

U.S. Tax Laws Could Snag “Accidental Americans”

Accidental Americans can include individuals like this future daughter-in-law who never thought of herself as American, as well as Green Card holders who let this authorization to live and work in the U.S. lapse.

Leaving Australia for work? Beware of your tax residency status

Thousands of Australians head offshore each year to expand their horizons and a lucky few will fund their adventure by working overseas.

The Common Reporting Standard: Automatic Information Exchange Goes Global

Traditionally, information about an individual or business has been sent from one tax authority to another on request

One in five large private companies paid no tax last year

A Senate hearing on Tuesday into the tax transparency amendment bill was told that the Australian Federal Police were never asked to assess the risk.

Swiss Banks Outline Stance On AEOI

In a recent speech, Odier noted that Switzerland has taken the necessary domestic legislative measures to conform with new international standards on tax compliance.

Aust, US exchange details in tax crackdown

The ATO is committed to ensuring that taxpayers are disclosing their offshore income

Tax system is 'Swiss cheese' for the rich

AUSTRALIA'S tax system has been likened to a "giant Swiss cheese" full of holes through which the rich are able to funnel their income.

Sebi Widens Black Money Probe, Offshore Arbitrage Under Lens: Report

Capital market regulator Sebi was so far focusing on trades during the fiscal years 2013-14 and 2014-15 in its fight against misuse of stock market platform for tax evasion and laundering of illicit funds.

Property tax/banking changes: are you ready?

The changes aim to clarify when profits from residential property sales are taxable, as well as capturing more information about overseas buyers.

Nearly 1000 Multinational Cos to be scrutinized under new Tax Laws

These 1,000 companies will need to consider the new rules if they have economic activities in Australia, but book their Australian sales revenue offshore.

Allegations surround Wilson Security's link to HK bribes scandal and tax haven

Exclusive: company faces renewed questions over its fitness as security contractor at Australian detention centres on Manus Island and Nauru

Israel and Australia to negotiate tax treaty

Australian Treasurer Joe Hockey: Australian companies can take greater advantage of Israel’s knowledge-based economy.

S'pore holds off on Apec fund deal over tax

MAS says equal tax treatment is needed for deal to facilitate cross-border selling of funds