08/21/2015
Government approves pact with Seychelles to curb black money
A global regime of information exchange will go into force in 2017, arming governments with data to deal with illicit wealth.
Tax
08/20/2015
ANZ chief Mike Smith says tax system sent Atlassian offshore
There was an investment community who understood what they wanted to do and and a tax regime where they were not getting taxed twice on the same income.
08/19/2015
AUSTRALIA: Name and shame tax dodgers: report
The contents of the report were leaked to the media at the weekend, which is against parliamentary rules and has infuriated senators.
08/18/2015
Singapore bankers rattled by Asian moves to chase undeclared wealth
A global crackdown on tax evasion launched during the 2008 financial crisis has already forced Switzerland and other European offshore hubs to surrender their prized bank secrecy.
08/18/2015
AUSTRALIA: Tax laws to target big global companies
Thirty major multi-national companies will be targeted by the Abbott Government under a new assault on tax evading firms that has already brought in an extra $400 million in revenue.
08/17/2015
Top FPIs raise concerns with Sebi over Mauritius Treaty, GAAR and participatory notes
Overseas investors coming through Mauritius and trading on Indian stock exchanges are spared of the 15% tax on shortterm capital gains.
08/17/2015
Philippines: Gov’t sees improving tax collection efficiency in 2016
BIR collections account for more than two-thirds of the government’s annual revenue.
08/17/2015
‘Name and shame’ global firms avoiding Australian taxes, report recommends
http://www.themalaymailonline.com/money/article/name-and-shame-global-firms-avoiding-australian-taxes-report-recommends
08/12/2015
New report compares performance, best practices and trends in 56 tax administrations
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance.
08/11/2015
India: IT department not to disclose voluntary wealth disclosures
The facility is available under the Black Money Act’s compliance window, which ends on 30 September
08/10/2015
The OECD takes further steps to putting an end to offshore tax evasion
The OECD has released three new reports to help jurisdictions and financial institutions implement the global Standard for automatic exchange of financial account information
08/07/2015
South Korea revises tax code to boost household wealth, jobs
It also plans to offer a tax incentive to companies hiring young people aged between 15 and 29
08/07/2015
India seeks to step up scrutiny of offshore wealth managers
In a significant new move by Prime Minister Narendra Modi's government, the Securities and Exchange Board of India (SEBI) has recently started to reach out to international private banks
08/05/2015
HSBC cautious on persons with political connections, refraining from opening accounts of US-based Indians
HSBC has been asking all "politically exposed persons" having accounts with the bank to disclose their source of fund and income.
08/05/2015
Information on Black Money Can be Revealed in Public Interest
Under the new law black money, it is not the case that we will put up a public notice that so and so has availed the benefit and paid tax
08/04/2015
Cooperating with Indian authorities on Swiss a/c probe: HSBC
Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.
08/03/2015
South Korea seeks to boost investment in foreign equities
South Korea is seeking to push through tax changes aimed at encouraging savers to invest in foreign assets
08/03/2015
INDIA: New I-T norms require firms to make more disclosures on foreign income
Firms will have to disclose details about foreign bank accounts, immovable property, capital assets and financial interest in any entity even in cases where there is beneficial ownership
08/03/2015
The Global Forum releases new compliance ratings on tax transparency
The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of infor
07/31/2015
CSIRO chief silent on tax haven
CSIRO chief executive Larry Marshall has refused to reveal the beneficiaries behind a Channel Islands trust he filled with technology company shares worth up to $7 million when they were sold in a series of off-market trades.