Managers of Wealth Asia Pacific

Global Tax Evasion Probe Targets Euro Capital Bank, Puerto Rico

The investigation has found that referral agents such as accountants and lawyers have been key to Euro Pacific’s operations

ISA calls for super tax reform

ISA claims more than 1.2 million Australians would see a boost in their super savings by increasing the LISTO to cover workers earning up to $45,000.

Thailand adds fresh tax breaks to stimulus to spur growth

Thailand, like most of the emerging market economies, is betting on an expansive fiscal policy to cushion the blow from the virus outbreak that's devastated its tourism and exports.

Illicit money stashed in foreign safe havens

Indians feared Swiss banks may share their data with the Indian government.

Filing 100 dodgy income tax returns earns TPB termination

The TPB terminated the agent’s registration and imposed a five-year non-application period.

Hong Kong: Tax authorities commence transfer pricing documentation compliance reviews

Transfer pricing rules were first introduced in Hong Kong via the Inland Revenue (Amendment) (No. 6) Ordinance 2018 in July 2018.

Tax-preferred status of super being placed at risk

The tax-preferred status of superannuation would be placed at risk if it was allowed to become a virtual “piggy bank” from which people could draw funds for any purpose they liked

Tax Incentives Raise Hong Kong's Shipping Finance Profile

New tax incentives to attract ship owners and lessors to Hong Kong will both enhance the jurisdiction's status as a key shipping leasing centre for the Asia-Pacific region.

Gov’t tax take seen to drop by 22% in 2020

Tax take from net incomes and profits, which accounts for the bulk of the BIR’s yearly collection, is seen dropping to P786.8 billion this year from P1.15 trillion in 2019.

The 30 largest accounting and advisory firms in Singapore

The usual suspects of RSM, BDO and Baker Tilly follow at a distance.

The Edge says: Imposing a tax on unsold and vacant properties will be a disaster

The QC scheme requires a development to be completed in five years and all units to be fully sold within two years of completion.

Hong Kong-Macao tax arrangement in force

For Macao residents, double taxation will be avoided by way of exemption of the income taxed in Hong Kong from the Macao tax, or by crediting the Hong Kong tax paid against the Macao tax payable in respect of the same income.

Tax haven residents hold $5.7 billion of cash in Australia

Residents of the Marshall Island and other tax havens hold $5.7 billion worth of deposits in Australia.

Singapore eyes 50% penalty for tax avoidance

People will only have one month to pay even if they appeal the fine

Draft tax Bill in Singapore seeks to implement COVID-19 related tax measures; proposes 50% surcharge on tax avoidance

Similar changes are being proposed in respect of the stamp duty anti-avoidance provisions.

Tax code revision centers on supporting post-pandemic recovery

The tax credit rate was set at 1 percent for big firms and up to 10 percent for small- and medium-sized firms.

The $250b idea to supercharge tax reform

A small flat tax on the $100 trillion in electronic transactions made each year would be simple and fair.

Bankers Shocked by 45% China Tax Rate Mull Leaving Hong Kong

The focus on Chinese taxes has intensified in recent weeks after state-owned enterprises in Hong Kong told workers who transferred from the mainland to declare their 2019 income so they can start paying taxes at home.

‘The world is getting smaller’: Global tax chiefs to focus on dodgy practitioners

Crafty tax agents and lawyers enabling offshore tax evasion and avoidance through dubious schemes have now been put on notice by a global group of tax chiefs.

India’s equalisation levy: Why the low-threshold digital services tax poses challenges for multinationals

Pillar One addresses taxing-rights allocation, profit allocation and nexus rules. In particular, it examines how to tax large multinationals that generate profits where they don’t have a traditional tax presence.