Managers of Wealth Asia Pacific

Australian Tax Amnesty Announced

We have seen the breaking news of a complete re-vamp of pensions in the UK

India, Switzerland spar over access to bank accounts information

The Indian Tax authorities and the Swiss government could be headed for a showdown over what the Indian side regards as lack of co-operation from the Alpine country over access to information on bank accounts.

ATO initiative raises $640 million from wealthy Australians

The Australian Taxation Office voluntary compliance initiative has exceeded expectations, raising $640 million from wealthy Australians since it was launched four years ago.

Hong Kong, USA Work Toward FATCA IGA

On March 25, Hong Kong and the United States signed a tax information exchange agreement, which will provide the necessary basis for Hong Kong to enter into an intergovernmental agreement to adhere to the United States' Foreign Account Tax Compliance

China's efforts to curb tax evasion net extra HK$59b

The taxes collected from "non-resident enterprises" in China more than tripled to 117.2 billion yuan in 2013 from 2008, said the tax agency.

China's efforts to curb tax evasion net extra HK$59b

The mainland's efforts to fight tax evasion brought in 46.9 billion yuan (HK$59.2 billion) of additional taxes in 2013, 38 times more than 2008.

Bulgarian government nod for draft double tax agreement with India

Bulgaria’s cabinet, at a scheduled meeting on March 19, approved a draft agreement between Bulgaria and India on the avoidance of double taxation and the prevention of income tax evasion.

Japan, Macao ink deal to share tax info

Japan and Macao have signed an agreement to allow them to exchange information in an effort to prevent international tax evasion and avoidance.

Japan, Macao ink deal to share tax info

Japan and Macao have signed an agreement to allow them to exchange information in an effort to prevent international tax evasion and avoidance.

It’s that time of year

As far as BIR Commissioner Kim Henares can remember, the one and only person who was ever found guilty of tax evasion by the courts did not spend a single day in prison.

NZ tax data to be stored in Australia

An accounting software provider has received approval from Inland Revenue (IRD) to store taxpayers' business records offshore.

Baker Tilly Hong Kong did not do audit work for Centaur Litigation

The firm named as auditor of Centaur Litigation has confirmed it never did any work for the company, which is now under investigation by Hong Kong authorities.

Bank deal with Switzerland of no use catching former tax cheats: Treasury

Treasury officials have admitted an agreement with Switzerland to open up its secret bank accounts for scrutiny is powerless in netting tax cheats who have already closed their accounts

Black money: Swiss exchanging 'lawful' info with India

With India stepping up its pursuit of alleged black money in Swiss banks, Switzerland says it is exchanging information with Indian authorities on all lawful requests

PE industry rattled by HK tax issues

A 400% jump in tax audits of alternatives managers and uncertainty over tax treatment in Hong Kong have private equity firms worried.

Apple sent billions offshore to avoid Australia tax

Apple shifted billions in untaxed profits from its Australian operations to Ireland over the past decade

Australia: Govt, Labor at odds on multinational tax

The federal government says it is working to stop global companies avoiding tax, after reports Apple is avoiding its Australian obligations.

Indiai posts officers in 7 nations to crack down on offshore tax evasion

India has recently operationalised seven new Income Tax Overseas Units (ITOUs) in countries like Germany, US and France.

US expands investigations into offshore tax evasion to India

The United States has expanded its action against tax cheaters to countries like India, Israel and Liechtenstein, a top US official told lawmakers on Wednesday.

Tax evasion to get tougher as Australia strikes deals on foreign bank accounts

The battle against offshore tax evasion is gaining momentum after Australia and the US struck a deal to combat tax-dodgers and G20 members prepared to sign off on a scheme for the automatic exchange of tax information.