Managers of Wealth Asia Pacific

Capital gains tax, Auckland property tax get thumbs down

A leading economist is warning that cooling the Auckland housing market by imposing a capital gains tax could be devastating for other parts of the country.

US targets tax evaders in Asia with HK investigators

The stationing of US tax investigators in its Hong Kong consulate signals that America's hunt for taxation evaders has moved to Asia, following years of probes and fines in Europe.

Narendra Modi must tame the turbulent tax system in India

Capricious corporate taxation risks holding back the quest for growth

One in three rich people and private companies targeted by ATO

The ATO wants to beat its 2013-14 rate of raising $1.1 billion in liabilities from high-wealth individuals

Bangladesh: NBR finds 10,152 rich taxpayers

The surcharge on wealth was applicable in two slabs until last fiscal year

ICI Global raises regional passport tax concerns

The association has pointed out that tax issues could present serious challenges for funds distributed cross border

The long arm of India’s tax authorities

No one likes to see a tax demand dropping silently on to the doormat

IRS, BIR in talks over implementation of US tax rule

Fatca, which became law in the US in 2010, “targets tax noncompliance by US taxpayers with foreign accounts,” the IRS noted on its website.

Banks comply with US law on offshore accts

This measure is designed to help US authorities track resident individuals and companies hiding income and assets in foreign jurisdictions. It is also aimed at curbing offshore tax evasion by American citizens.

Tax benefits queried for Aussie super accounts

A new report from the super industry body ASFA questions whether high-income-earning superannuation members should continue to benefit from generous tax breaks

Tech giants talk tough on tax avoidance

Three of the world's biggest tech companies generated more than $8 billion in revenue in Australia last year, but have refused to disclose how much of that money was sent offshore.

IRS chases US citizens in Australia

The Internal Revenue Service (IRS) is scrutinising the tax affairs of United States citizens living in Australia with renewed intensity

Foreign investors cry foul over Indian tax surprise.

U.S. and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains.

Rupert Murdoch's US empire siphons $4.5b from Australian business virtually tax-free

Rupert Murdoch's media empire in the US has siphoned off $4.5 billion of cash and shares from his Australian media businesses in the past two years, virtually tax free.

100 FIIs get tax notices for $6bn, say it’s retrospective

The number of affected investors can rise substantially as assessments are still in progress and notices could be served in many more cases, taking the overall tax demand from them to well over $10 billion, sources told a news agency.

HSBC tax evasion customers in India told to get a lawyer

HSBC customers in India suspected of tax evasion have been given 30 days to nominate a legal representative in Switzerland

‘Google tax’ could impact treaties

The federal government has previously hinted Australia will follow the ‘Diverted Profits Tax’ plan

Super poses taxing questions

The tax discussion paper makes it clear tax concessions in superannuation will be a core part of the review into the tax system.

Bitcoin A 'Threat' To Australia's Tax Collection System

A recently released discussion paper has found that Australia finds Bitcoin as becoming a threat to the country’s tax system.

Black money: Swiss banks seek fresh undertakings from Indians

According to sources, HSBC has been asked by Indian authorities to show cause why action should not be initiated against it in case of non-cooperation with regard to "suspected tax evaders and offenders of tax crimes"