10/02/2014
Australia to take action against tax avoidance by companies
It found that almost a third of the biggest 200 Australian companies have been paying less than 10 per cent tax
Tax
10/01/2014
Court sides with Filipino ADB employees in BIR case
In a 31-page decision penned by Judge Carlos Valenzuela, the court declared as void a section of a BIR memo issued in 2013 that said only foreign officers and staff of the ADB are exempted from Philippine income tax.
09/30/2014
The Philippines signs the Convention on Mutual Administrative Assistance in Tax Matters
To enter into force, the Convention must now be ratified by The Philippines.
09/29/2014
Global crackdown on tax havens fails to sway Australian companies
Australia's top companies have been unswayed by a global crackdown on corporate tax avoidance, with almost 60 per cent of the top 200 listed companies holding subsidiaries in tax havens or low-tax jurisdictions.
09/29/2014
One third of top Australian companies pay less than 10pc tax; Government missing out on at least $8b per year
Rupert Murdoch's 21st Century Fox pays 1 per cent tax and casino group Echo Entertainment pays 5 per cent tax.
09/29/2014
Philippines signs convention to fight tax evasion
An amending protocol, entered into force in 2011, is expected to assist developing nations secure the benefits of the new cooperative tax environment
09/26/2014
Australia: Investment via limited partnership falls out of double tax treaty
This article focuses on the 2014 Australian Full Federal Court decision in Commissioner of Taxation v Resources Capital Fund III LP
09/26/2014
ATO amnesty project targets tax evaders, unlocks money stashed in havens, inherited offshore accounts
The Tax Office has learned of about $550 million worth of assets stored in offshore havens in Europe, Israel and Asia, as part of a project called DO IT.
09/26/2014
Mauritius, India in talks to address tax treaty concerns: FSC
Dispelling 'misperceptions' that Mauritius is a tax haven, its financial sector regulator has said the island nation is in discussions with India to address concerns and make changes to the bilateral tax treaty.
09/24/2014
Australia: Govt to amend fund merger tax laws
Government, regulators and the super fund industry have been working together to address the problem
09/23/2014
NZ banks baulking at global FATCA style initiative to combat tax evasion; Lobby group says the later we adopt it the better
A step-change in our ability to tackle and deter cross-border tax evasion
09/23/2014
MOF, MAS, IRAS seek views on proposed regulations to help financial institutions comply with US Fatca
The Ministry of Finance, Monetary Authority of Singapore and the Inland Revenue Authority of Singapore have proposed regulations to help financial institutions in Singapore comply with the US Foreign Account Tax Compliance Act
09/22/2014
'Widespread impact' if tax incentive for LTF withdrawn
But it would be harder to expand the market to people who never invested in stocks with a long-term view, and there are a lot of them," he said.
09/22/2014
Public consultation launched on proposed regulations for US FATCA
Members of the public will be able to give feedback on the draft income tax regulations and a draft FATCA e-Tax guide.
09/19/2014
Tax information: Cyprus accepts India’s condition
Cyprus has accepted a key condition put forward by India on effective exchange of information on tax avoiders
09/16/2014
OECD releases first BEPS recommendations to G20 for international approach to combat tax avoidance by multinationals
At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015
09/09/2014
Tackling tax evasion: Pakistan can seek data from Swiss banks in revised treaty
Pakistan and Switzerland have pencilled a revised Avoidance of Double Taxation treaty that will allow Islamabad to seek information for tax purposes about money deposited in Swiss banks.
09/07/2014
India among top recipients of remittances from Cayman Islands
Cayman Islands may be widely known as a 'tax haven' and a major route for overseas investment flows, but India has surprisingly emerged as a top destination of 'worker remittances' from that British Overseas Territory.
09/05/2014
Filipino Lawmakers Support Personal Income Tax Cut
The Philippines' Senate President, Franklin Drilon, has confirmed that two bills to reduce individual taxpayer burdens are currently being favorably considered in the Committee on Ways and Means of both the Senate and the House of Representatives.
09/05/2014
Mauritius Further Enhances its Position as an Offshore Jurisdiction of Choice with Four Double Taxation Agreements - Appleby
The Government of the Republic of Mauritius (Government of Mauritius) has ratified double taxation agreements (DTA) with Guernsey and several African countries.