Managers of Wealth Asia Pacific

Banks say $11 billion tax bill is evidence they are 'paying their way'

Australian banks say they pay a significantly higher rate of corporate tax than their counterparts in the US, UK, Germany, Japan and Canada.

Govt Appoints Seven Banks To Help Customs Dept In GST Implementation

Khazali said the banks had branches nationwide for efficient GST collection.

PwC bids to claw back lost Ponzi funds

The first of three test cases for the liquidator to claw back up to $3.8 million withdrawn from David Ross's massive Ponzi scheme has gone to court

China to reap Alibaba windfall as tightens up on tax

The total lock-up represents roughly 18 percent of Alibaba's shares, which if sold would fetch just over $37 billion at Friday's closing price.

China: Taxation Of Indirect Sales Of Chinese Investments

China amends its tax rules on indirect transfers of Chinese investments

Hong Kong Gazettes Offshore Private Equity Tax Exemption

Hong Kong's Government has published in its Official Gazette the Inland Revenue (Amendment) Bill 2015, which would extend the profits tax exemption for offshore funds to private equity funds

Income tax department to take closer look at bank accounts, property or stocks abroad

Next time, you will think twice before opening a bank account in Jersey or buying a property in London — even if the transaction is legitimate.

Korea, US to exchange accountholder data

The NTS aims to collect 210.1 trillion won in tax revenue this year.

Switzerland moves towards greater tax transparency

Long perceived as a safe haven for unaccounted wealth, Switzerland has been facing international pressure

Australia sets out tax treatment for foreign investors

The Australian government has published the latest draft of legislation intended to offer clarity over foreign investors' taxation exemptions. The move is expected to boost growth in the local fund management industry.

Black money: India gets time till Sept 30 for deal on tax evasion with US

The US has given India time till September 30 to put in place a framework to track down the assets that nationals of each country hold in the other nation without reporting to domestic tax authorities.

Pakistan moves to widen tax net, but big fish yet to be caught

Pakistan has begun chasing wealthy tax-dodgers who enjoy lives of extravagance and luxury, but revenue officials face huge challenges in trying to force the very richest -- and most influential -- to pay up

Double Tax Avoidance Agreement to be Applied to China Funds

Concerns rose over double taxation in China and Korea, and Korean investors were predicted to be affected, although taxation is rarely subject to backdating according to international practices.

New Pacts With Amsterdam and Tokyo Boost Transfer Pricing in Hong Kong

This has led to heightened transfer pricing scrutiny from the Hong Kong Inland Revenue Department in recent years.

Bern and Canberra work towards tax agreement

Switzerland and Australia have signed a joint declaration on introducing the reciprocal automatic exchange of information in tax matters

ISA targets HNW super tax breaks

Industry Super Australia has again raised the question of Australia's high net worth individuals operating Self-Managed Superannuation Funds being subject to greater scrutiny over the tax breaks they receive.

Switzerland, Australia to Share Tax Information

Deal comes as Swiss try to banish reputation as haven for undeclared assets

Labor’s tax plan may hit growth, big business warns

BIG business is concerned that federal Labor’s plan to close multinational tax loopholes will slow economic growth

QFII, RQFII holders face $4bn tax headache

Under-provisioned fund firms could be hard hit after authorities unveiled a 10% capital gains tax on QFII and RQFII investments retrospectively, sparking fears it could deter interest in the schemes

Surcharge of 2% on super-rich replaces wealth tax

Surcharge will yield Rs 9,000 crore to the exchequer