Managers of Wealth Asia Pacific

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.

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.

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.

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.

Philippines: Gov’t sees improving tax collection efficiency in 2016

BIR collections account for more than two-thirds of the government’s annual revenue.

‘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

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.

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

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

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

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

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.

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

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.

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

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

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

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