Managers of Wealth Asia Pacific

ATO tax amnesty nets billions, but hunt for rich with secret Swiss accounts continues

Switzerland is the top destination for Australian wealth stashed offshore, the ATO says.

Singapore, U.S. finalize agreement on tax evasion

Tuesday's agreement means that firms in Singapore can report U.S. account holder information to the local tax authority, which will send it to the IRS, saving them from dealing directly with U.S. tax authorities.

Come with proof of black money, not for fishing expedition: Switzerland to India

Switzerland's Ambassador to India Linus von Castelmur also said the past cannot be undone, while promising full support of his country in cases where at least some proof is provided on tax frauds.

Hong Kong ORSO schemes dealt FATCA threat

Hong Kong’s financial institutions have been urged to assess whether their Occupational Retirement Schemes Ordinance (ORSO) retirement schemes are required to comply with the requirements of the US Foreign Account Tax Compliance Act, which aims to p

Hong Kong Government makes good on promise to axe stamp duty on exchange traded funds

The Stamp Duty (Amendment) Bill 2014 will be introduced into the Legislative Council on 17 December 2014 (“the Bill”).

Binay's biggest campaign donors charged with tax evasion

We believe that James did not violate any laws and any independent and objective investigation will exonerate him

India must show valid proof for tax fraud probe: Swiss Envoy

The Swiss government will cooperate with India on the black money issue if Indian authorities provide valid proof of tax evasion, but will not work with evidence obtained through 'fishing expeditions'

China's tax authority to target foreigners, wealthy

China's tax authorities are taking special interest in the income of foreigners and wealthy Chinese amid a crackdown on tax avoidance in the country.

Kar Wong named EY Entrepreneur Of The Year 2014 Singapore

Dr. Kar Wong, Group Managing Director of Advanced Group of Companies, has been named the EY Entrepreneur Of The Year (EOY) 2014 Singapore at the 13th EY EOY awards gala held at The Ritz-Carlton, Millenia Singapore this evening.

Global tax war looming and US won't be backing down

The United States won't give up its right to tax multinationals, and nations will go to war soon with countries like China on taxing rights

Asia-Pac Tax Agencies Agree Cooperation

The members shared their "knowledge and experiences on the key tax administration issues of globalization and the erosion of the tax base

China to Monitor Foreign Company Profits to Prevent Tax Evasion

China will set up a system to monitor foreign companies’ profits as it looks to eliminate cross-border tax evasion.

China to Expand Tax Breaks for High-Tech Services Outsourcing Enterprises

The proposed policies include an expansion to the category of “prioritized outsourcing services” to include the outsourcing of software and information technology, R&D, financial and governmental services, as well as the creation of an &am

Foreign trusts in IRD sights

Department aims to report to Revenue Minister Todd MClay before the end of the year.

India leading fight against black money: Jaitley

He said the U.S. was signing the FATCA agreement with countries and if India did not sign it, not just the U.S. but other countries too would impose a 30 per cent withholding tax on all remittances to India.

When is a Chinese company not Chinese?

When it’s a complex web of offshore vehicles rooted in anonymous tax havens.

Microsoft to pay $140 million in ‘tax evasion’ settlement with Chinese authorities

Microsoft is slated to pay Chinese authorities 840 million yuan (roughly $137 million) in back taxes and interest, according to a report by state-sponsored news agency Xinhua.

Korean rich should pay more tax: ADB

Korea’s redistribution of wealth through taxation is unbalanced

ATO letting big multinationals get away with it

He is one of many former officers who have voiced their concerns to Fairfax Media about the challenge of arresting the slide in tax receipts from multinational companies operating in Australia.

Shocking tax evasion in the name of a trust!

The trust was found to have US $ 24,06,604 (Rs11,73,31,988) worth unaccounted money in the LGT bank account.