Managers of Wealth Asia Pacific

Macquarie Group hit by Tax Office 'U-turn'

It is unclear whether the amount the ATO tried to recoup from Macquarie was paid

Beijing’s Interest in Offshore Tax Evasion Limited to Corrupt Officials

The United States has good reasons to stay out. With the enactment of its 2010 Foreign Account Tax Compliance Act or FATCA, the United States has been pioneering the fight against tax evasion.

To bring all that black money back

India should review its double tax avoidance agreements to see if they really benefit the country

New Zealand To Get Tough With International Tax Evaders: To Work With OECD To Enforce Transparency And Compliance

New Zealand is planning to crackdown on tax evaders and combat the menace of avoidance by international firms

Black money trail goes much beyond Swiss Alps to many island nations

As India expands its probe into suspected black money stashed abroad, the trail appears to have gone much beyond the Alpine mountain ranges of Switzerland to various island nations and global financial centres like Dubai, Singapore, Luxembourg and Cyprus.

ITAT ruling gives a boost to black money fight

In the first ever ruling relating to taxation of black money stashed in overseas tax havens, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has given the taxman a lot to cheer.

2006 UK/Japan Double Taxation Convention: Entry into force of Protocol and Exchange of Notes

The Protocol and Exchange of Notes between the UK and Japan which was signed in London on 17 December 2013 will enter into force on 12 December 2014.

ATO tightens the net on offshore tax evaders

The Australian Tax Office will soon end an initiative, which temporarily softened penalties for those who haven't declared offshore income, as part of a global crackdown on international tax evasion.

China exempts profits on Shanghai-Hong Kong share link from tax

China will temporarily exempt taxes on profits made from a landmark scheme linking Shanghai and Hong Kong stock exchanges

India signs tax info exchange pact with Saint Kitts & Nevis

The agreement was signed by India’s Permanent Representative to the UN Asoke Kumar Mukerji, and his counterpart from Saint Kitts and Nevis Ambassador Delano Frank Bart at the Indian mission here.

Absence of treaties with tax havens blocking black money fight

Absence of criminal legal treaties between India and tax haven nations have been cited by probe agencies working in the SIT on black money as one of the major impediments in initiating steps to bring back illegal funds stashed abroad by Indians.

PAKISTAN: FBR Union sends proposals to Tax Reform Commission

The FBR Union has assured the TRC that Federal Board of Revenue can alone generate the amount equal to the federal budget. Resultantly, there will be no need to approach World Bank or IMF for monetary assistance.

Global tax crackdown could backfire

Under existing rules, a company requires a permanent establishment or physical presence in a country for profits to be taxable there

AUSTRALIA: Investors urged to disclose offshore assets

The Australian Taxation Office (ATO) has once again reminded investors to voluntarily disclose offshore assets or income under Project DO IT before the December 19 deadline.

G20 committed to global response to deal with cross border tax evasion: India

An action plan to tackle BEPS to make sure companies pay their fair share of tax is expected to be finalized in 2015

Future Fund caught in tax haven leaked-document scandal

In 2009, the then-Minister for Finance Lindsay Tanner spoke at the National Press Club on the topic of Australia's Future Fund.

Black Money – Will Agreement with USA help?

Regulatory oversight allowed illicit money transactions in our financial markets.

Mauritius assures help to India in Special Investigation Team's black money probe

Mauritius, often accused of being a route for round-tripping of funds by Indians, today conveyed to Indian government that it was ready to support its Special Investigation Team ( SIT) to unearth black money.

Singapore says will adopt OECD pact to tackle tax cheats by 2018

Singapore will implement a global agreement on swapping tax information, aimed at ending offshore tax evasion, by 2018, provided certain conditions are met

I-T Dept. tracks 532 HSBC account holders

As they had stayed in India beyond 180 days for three successive years, during the relevant period. In such cases, the Department has decided to complete appropriate action within a month, “without exception.”