Managers of Wealth Asia Pacific

Australian Tax Office pays to fire, pays to hire

The ATO is looking to catch more big-time tax cheats by hiring new specialist public servants, just months after paying more than 400 of them tens of millions of dollars to leave.

MNCs park profit in Singapore, Hong Kong

Profit shifting is a perfectly legal way of moving the earnings of an MNC to a low-tax destination to avoid the clutches of a high-tax regime.

Black money compliance window open till Sept 30

Dues to be paid till December 31

I-T dept won’t verify foreign asset disclosures

Protection from further scrutiny to be limited to foreign income disclosed during compliance window

South Korea targets tax exemptions to spur overseas investment

South Korea plans to offer up to 10 years of tax exemptions for overseas stock investment funds as part of measures to boost its capital outflow to tackle a record current account surplus,

Govt to expand corporate tax discounts

The government is to offer corporate tax discounts in a revised tax holiday regulation, aiming to attract more investors and boost economic growth.

India, Thailand sign multiple agreements including double taxation avoidance treaty

India and Thailand on Monday signed a number of important agreements, including the double taxation avoidance treaty

India, Thailand ink double taxation deal

India inked an agreement with Thailand for avoidance of double taxation and prevention of tax evasion.

MOF upbeat on cross-strait tax pact

The ministry has gained more concessions from China this time around

Indonesia hopes tax amnesty will lure back capital

Indonesia hopes to bring billions of dollars in financial assets parked overseas back home - by pardoning past financial crimes.

KPMG's 2015 new partner roll breaks records to break the glass ceiling

KPMG has named a firm-record 51 new partners for 2015 – with 37 per cent going to women.

Will sort out India-Mauritius DTAA woes soon: Mauritius FM

Negotiations on India-Mauritius DTAA are to happen on June 29. Vishnu Lutchmeenaraidoo, the Finance Minister of Mauritius said they will submit a new protocol for that, which will have issues related to capital gains with respect to DTAA.

FATCA Is A Real Threat To US Expats In Philippines

The financial rigours of Foreign Account Tax Compliance Act are looming on the horizon for US expats in the Philippines.

Banks in tax havens like Switzerland and Mauritius to run checks on Indians looking to open black money account

This comes as the Narendra Modi government implements a tough regime to root out unaccounted wealth.

Banks in tax havens like Switzerland and Mauritius to run checks on Indians looking to open black money account

This comes as the Narendra Modi government implements a tough regime to root out unaccounted wealth.

Pension cuts a 'wealth tax' on middle Australia

The Coalition-Greens alliance on pension changes will impose a "wealth tax" of 7.8 per cent on middle Australia but leave the rich unscathed, say experts from the Australian National University.

Tax exemption on loan income: Pakistani, Chinese authorities yet to develop consensus

Pakistani tax authorities and their Chinese counterpart have yet to develop consensus on tax exemption in case of interest income from the commercial loans by Chinese commercial banks for projects in Pakistan.

Germany, Australia To Negotiate New DTA

Australia and Germany are to negotiate a new double taxation agreement (DTA), the Australian Government announced on June 16.

Nigeria, Singapore to Sign Air Services, Tax Agreements

Nigeria and Singapore have concluded plans to sign agreements to strengthen their bilateral air services and curb double taxation on investments in both countries.

Low taxes in Singapore threaten Aussie funds management exports

But differences in the relative rates of tax on foreign investors among the member countries could undermine the passport and Australia risks losing business to Singapore, where taxes are lower.