06/10/2015
Thailand: Gross wealth inequality restricts growth
Unless the government holds the line on the land and property tax, its effects may also be diminished by lobbying.
Tax
06/09/2015
HK financial sector seeks exemption from new tax reporting rule
The exchange of information will be on an annual basis instead of on request
06/02/2015
Emaar MGF's Sharavan Gupta seeks immunity from penalty over Rs.31 crore of undeclared income
Emaar MGF owner Sharavan Gupta has disclosed undeclared income of over Rs.31 crore before the Income Tax Settlement Commission while seeking immunity from levy of penalty and initiation of prosecution proceedings.
06/02/2015
Australia signing up to global tax effort
AUSTRALIA is onboard for the international effort to upgrade a creaking 100-year-old global tax system.
05/28/2015
KPMG expands legal horizon
KPMG is expanding the scope of its legal services in an ambitious move beyond its comfortable tax territory; the latest in the dramatic push by the big four accounting firms into the legal services market.
05/27/2015
Pakistani tax officials request details of those investing in Dubai property
Pakistani revenue officials have asked UAE authorities to share details of Pakistanis who have invested in Dubai’s real estate market
05/27/2015
Black money probe: Yash Birla, four others on Swiss list for tax evasion
The names of these five "Indian nationals" have been made public in Switzerland's Federal Gazette with regard to details sought about them by the Indian authorities
05/26/2015
Swiss name two Indians under probe
Similar is the case for other foreign nationals including the British, Spanish and Russians.
05/26/2015
Japan lawmakers to cut criss-border B2B tax
Japanese lawmakers are making headway in amendments to the nation’s eCommerce tax laws, and the most recent developments could bring good news for the B2B sector in particular.
05/25/2015
Malaysia, Slovak sign agreement to avoid double taxation
Malaysia and Slovak today signed a protocol agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income
05/24/2015
Indonesia to Call Time on Tax-Free Debt for Riskiest Borrowers
Companies the world over have used interest payments to shrink their tax bills for decades
05/22/2015
Tax relief may widen for individuals, firms
The government plans to increase the minimum threshold for tax-free income in the upcoming budget after keeping the limit unchanged for two consecutive years.
05/22/2015
Gold Monetisation Scheme: A 24-carat question, Interest Rates
Experts say that rates have to be attractive enough for citizens and institutions to take interest in the scheme.
05/20/2015
Indian tax men to sit with officials from tax havens to probe foreign stash further
Investigators have also received a new dossier on tax-related business information on about a dozen entities whose names were reported by an international group of investigative journalists sometime back
05/19/2015
Gold monetisation plan offers tax-exempt interest
Draft note says scheme to be exempt from income tax, capital gains and wealth tax
05/18/2015
Compliance revenues ‘immediately at risk’
The accounting profession is under extreme pressure from digital disruption, with tax and reporting work immediately at risk
05/18/2015
New tax checks to stretch Hong Kong bank compliance teams
As part of a push to control money laundering in the global banking system, the HKMA has called on lenders to peek into customers' filings
05/15/2015
Fight against black money: Swiss get 1,500 help requests a yr
The issue assumes significance for India, as it has been probing various cases of people having allegedly stashed illicit funds in Swiss banks.
05/15/2015
Australia Consults On 'Netflix Tax'
The Australian Treasury has launched a consultation on draft legislation
05/14/2015
Not all corporate tax avoiders will be snared by new rules
The second of the proposed changes are new laws to be included in Australia’s general anti-avoidance provision.