Managers of Wealth Asia Pacific

Hong Kong, South Korea Sign DTA

The Secretary for Financial Services and the Treasury signed in Hong Kong an agreement with Korea for the avoidance of double taxation

Black money trail: No list of Indians holding money in Swiss banks, says Arun Jaitley

India has been told four days ago that there is no list of Indian tax residents holding assets in Swiss Banks in their own name or through structures

Switzerland: India has been told that there is no list of Indian tax residents holding assets...

Black money trail: No list of Indians holding money in Swiss banks, says Arun Jaitley

India: Inheritance tax unlikely to be re-imposed

For a government that is struggling to keep its fiscal deficit low, levying a tax on inherited wealth might be a tempting way to shore up tax revenues

India - Status of Model 1 IGA under FATCA

A June 2014 release from the Reserve Bank of India states “India is now treated as having an IGA in effect” from 11 April 2014, and that the IGA will not be signed until approved by the Indian Cabinet.

Tax avoidance in crosshairs

So they’re transferring the profit over there, not paying tax

New US tax act will help China anti-graft campaign

The FATCA is a US federal law that requires citizens, including individuals who live outside the country, to report their financial accounts

Turnbull investment in tax haven criticised

Australia is to chair the G20 leader's summit in Brisbane in November and Prime Minister Tony Abbott and Treasurer Joe Hockey have put on the agenda discussion of tax evasion and profit shifting.

China, US agree to curb tax evasion

The agreement will also enable Beijing to obtain information on mainland taxpayers in the US to help fight against tax evasion and corruption.

Australian Tax Office chases offshore old money

The ATO is targeting families whose predecessors may have shifted money offshore years ago

SEBASTIAN SHAKESPEARE: Learn how to avoid paying tax - at Her Majesty's embassies!

Guests were offered free drinks and canapes as they were asked if they were liable for British inheritance and capital gains tax.

India to implement US foreign tax compliance act

"Indian Financial Institutions would have time up to December 31, 2014, to register with US authorities and obtain a Global Intermediary Identification Number (GIIN)," the RBI said in a notification.

ATO raises pressure on offshore tax dodgers

Around 160 individuals have already come forward as part of the amnesty program

Govt may cut 2% import duty on gold in budget: BoAML

The union government is expected to cut two per cent import duty in gold in the forthcoming budget, as local jewellers run out of inventory

NZ working on OECD tax avoidance plan

Senior New Zealand tax officials are this week working with the OECD in Paris to prepare for delivery of the first parts of the OECD’s action plan to counter base erosion and profit shifting, says Revenue Minister Todd McClay.

Australia criticised for stalling on tax evasion

A global anti-corruption agency has accused Australia of delaying action on tax evasion by failing to sign an early information swap treaty - part of its commitment to the G20.

Australia: Investors urged to declare offshore income or face penalties

While the ATO has given investors until 19 December 2014 to come clean

Pakistan: Wealth Tax revival to ease groaning public’s woes

They declared that affective steps should be taken to prevent electricity and Sui gas pilferage

US announces changes to the Offshore Voluntary Disclosures Programs

On 18 June the US Internal Revenue Service (IRS) announced major changes to its offshore voluntary compliance programs, resulting in new guidance for both taxpayers overseas and those residing in the US.

NZ ready for FATCA - Bankers' Association

FATCA requires participating financial institutions around the world, including New Zealand banks, to provide relevant information about customers who are US persons and will be phased in from 1 July 2014.