10/08/2019
The incumbent government has been successful in broadening the tax base during the its first year in the office, as data showed that around 783,039 new taxpayers filed returns with the tax department as a result of various schemes, including a tax amnesty
10/08/2019
The bank had already put aside A$928 million before tax to address remediation costs following the sector-wide abuses exposed by the Hayne Royal Commission.
10/01/2019
The impact of the tax increase on consumer spending is important because private consumption accounts for 60 per cent of Japan’s gross domestic product
10/01/2019
The government is moving to strengthen taxation of high-income influencers and content creators on social networking services, including YouTubers, to prevent tax evasion, according to documents submitted to lawmakers on Monday.
09/27/2019
Company found without VAT registration and in breach of country’s tax code
09/26/2019
The Paradise Papers consist of 13.4 million pages that reveal the global rich avoiding tax payments by using offshore tax havens and secrecy jurisdictions.
09/18/2019
The ATO said this was nearly twice the amount Mr Huang had transferred out of Australia the previous year.
09/15/2019
In a closely guarded move, notices were served on March 28, 2019 in the names of Mukesh Ambani’s wife Nita Ambani and their three children for their alleged “undisclosed foreign income and assets”.
08/19/2019
The department will use friendly language in its communications with taxpayers rather than intimidating, according to a source, amid allegations of intrusive, threatening and arbitrary behaviour by the department.
08/16/2019
The 10% tariff as currently proposed would apply to any such artworks originally created in China, regardless of the country of export
08/15/2019
More than 1.6m accounts identified in data shared with Australian authorities by 65 countries including tax havens
08/14/2019
Many of the SMSFs in the ATO's sights have limited recourse borrowing arrangements in place, with most of the almost 18,000 SMSFs holding most of their assets in property.
08/09/2019
The new agreement includes provisions to reduce multinational tax avoidance by incorporating base erosion and profit shifting measures, he added.
08/08/2019
The ATO has advised that it is unable to use client data to identify the numbers of Australian companies to the level of specificity or accuracy required to answer these questions
08/01/2019
Funds that use Cayman investment managers will be impacted
08/01/2019
Hong Kong hedge funds are particularly affected because they use Cayman investment managers, while offshore management companies have been less popular among European managers in recent years, according to Bloomberg.
07/30/2019
The African island nation is the main provider of foreign direct investment (FDI) to India and also the preferred jurisdiction for Indian outward investments into Africa.
07/25/2019
Addressing lawmakers last week, Sitharaman said FPIs could restructure their trusts as companies to avoid the surcharge.
07/17/2019
The Securities and Exchange Board of India, or SEBI, has always been suspicious of the source of capital for hedge funds investing in India from Singapore or Hong Kong
07/16/2019
In her budget, finance minister Nirmala Sitharaman proposed a tax increase of 3% for individuals with an annual income of of between Rs 2 and 5 crore, and 7% for those earning more those earning more than Rs 5 crore