Managers of Wealth Asia Pacific

Offshore Discretionary Trusts: SC Clarifies Taxation Rules

Discretion is given to the trustees

UBS refuses to share info on stud-farm owner

Swiss bank UBS has refused to share any information with Enforcement Directorate on matters related to alleged money laundering and tax evasion by Pune based stud-farm owner Hasan Ali

Hong Kong's tax system needs complete review, institute says

Hong Kong lacks adequate tax laws to handle measures to combat tax evasion implemented by G20 governments,

Fatca dealt with, but clones of tax evasion law may emerge

Mainland version of US tax law would have broader implications for compliance efforts

Hong Kong, US Wrapping Up FATCA Agreement

Hong Kong and the United States have substantially concluded discussions on an inter-governmental agreement to simplify Hong Kong financial institutions' compliance with the Foreign Account Tax Compliance Act.

Amendments to Cyprus-India double tax agreement to be finalised shortly

The conclusion of the agreement will resolve the differences between the two countries' tax authorities

Pakistan to hold talks with Switzerland to return illicit money

Pakistan is to hold talks with Switzerland on a new tax treaty

Pakistan: Money abroad

Not all the money that sits in the Swiss accounts of Pakistanis has been raised illegally

Australia’s answer to FATCA is here

These are replaced with like reporting and due diligence obligations to the Australian Taxation Office

New Zealand Tax agreement with Viet Nam now in force

Mr McClay said that double tax agreements helped encourage growth in economic ties between countries and promote cross-border trade by preventing businesses and individuals from being taxed twice on income earned in the other country.

Countries commit to automatic exchange of information in tax matters

More than 60 countries and jurisdictions have now committed to early adoption of the standard, and additional Global Forum members are expected to join this group in the coming months.

Rising tax revenues: A key to economic development in emerging Asian countries

Tax revenues are currently rising as a proportion of national incomes in Indonesia and Malaysia but continue to be substantially lower than for Korea, Japan and other OECD countries.

U.S., Singapore reach agreement on tax evasion: U.S. Treasury

Singapore has reached a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans

Singapore to provide information on US bank deposits

Singapore said Tuesday it has agreed to give the United States information on bank deposits by American individuals and corporations to help it deter tax evasion.

Pakistan Warns Banks To Register For FATCA

The SBP requested all institutions to take all necessary due diligence measures

SC axe on offshore money

On May 1, the Supreme Court ordered reconstitution of the Special Investigation Team for a comprehensive probe into the infamous black money petition.

Australia targets tax avoidance by multinational tech groups

Australia has begun sharing intelligence with five countries to help target tax avoidance by multinational technology companies, which it says is costing Canberra more than $1bn a year in lost revenue.

Black money: India steps up pressure on Switzerland to share HSBC bank info

India has strongly objected to Switzerland’s denial of information about account details of certain Indians at HSBC’s Swiss bank branches, in whose cases “incriminating evidence of tax evasion” have been found here.

Australia: Tax office hones in on luxury car cash-back incentives

Retail incentives handed out to car buyers will now be subject to controversial tax

Centre discloses 26 names of account holders in Liechtenstein bank

A three-year-old judgment followed by repeated coaxing by the Supreme Court made the Centre disclose all 26 Indian account holders in LGT Bank in Liechtenstein along with details of money in their accounts, which was supplied in 2008 by Germany to India.