Managers of Wealth Asia Pacific

Budget brings tax worries for foreign portfolio investments

The proportion of institutional investors that will be affected depends on how many of them were treating portfolio transactions as business income for tax purposes.

India: Government yet to decide on tax evasion rule GAAR's implementation

The GAAR provisions were introduced in the 2012-13 budget by then finance minister Pranab Mukherjee to check tax avoidance and were originally planned to be implemented from April 1, 2014.

Luxembourg passes bilateral tax pact with Taiwan

Luxembourg’s parliament approved an agreement July 9 with Taiwan to avoid double taxation and prevent fiscal evasion.

New decision on wording of Cyprus-India double tax agreement

Cyprus company Glendive Enterprises Limited entered into an agreement with Arabian Resources FZC to provide a ship to transport bauxite ore

India-UK commit to jointly deal with tax evasion menace

UK and India remain committed to the Base Erosion and Profit Shifting project

PR China and the US committed to signing Intergovernmental Agreement

The US Government concluded this agreements with many partner countries to effectively implement their 2010 US Foreign Account Tax Compliance Act (FATCA) in their local jurisdictions.

Macau, Guernsey to sign tax agreement

The number of jurisdictions that have a TIEA or Double Taxation Conventions (DTC) with Macau will increase to 19 once Guernsey has signed on the dotted line.

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