Managers of Wealth Asia Pacific

Pakistan Banks agree on sharing account holders’ details with tax authorities

“It would enable the tax department to access real-time information of transactions made through the banking system.”

S. Korean Government Takes Aim at Google

At issue is whether or not multinational IT companies that do not have “fixed workplaces” in South Korea can be subject to a legitimate level of taxes.

The taxman’s late, but he hasn’t forgotten your bill – letters going out soon to Hong Kong taxpayers

Tax concessions bill stalled by Legco shutdown following vandalism by masked radicals

Australia: Tax Avoidance Taskforce focuses on private groups

There also will be an assessment of whether there is an effective tax governance framework in place for the private group

INSIGHT: Double Taxation and the OECD Unified Approach—What it Means for U.S. Multinationals in China

The OECD asserts that the Unified Approach has been developed to “attract support from all members of the Inclusive Framework.”

Budget 2020: Deloitte urges tax changes in R&D, training

Flagging its proposals, firm says moves could help firms plan ahead amid slowing economy

Federal contractors to disclose tax haven links

The Commissioner of Taxation would be consulted on which countries are designated as tax havens.

Rich Koreans Hand Kids Millions To Shield Against Estate Taxes

In Korea, where trusts offer few tax advantages and some tycoons are wary of relying on trustees from outside the family, the preference is to gift shares directly.

New Zealand: New mandatory online BEPS disclosure forms now required

The rules covered by the BEPS disclosures are technically complex and dependent on the facts and circumstances of the particular scenario.

Japan follows the money to target tax avoidance

Tokyo readies incentives for transparency in reporting foreign asset holdings

Japan to tighten tax rules on wealthy people

Under the current rules, the government has obliged domestic residents to declare the types and amounts of their overseas assets if they total more than 50 million yen.

SEBI simplifies regulations for foreign portfolio investors

The license is granted by a local custodian on behalf of the capital market regulator, the Securities and Exchange Board of India

Digital service tax to hit financial services?

All the banking services would be delivered to me electronically, and all the fees and transactions are automated.

Tax chiefs in Asia to discuss digital tax

The Asia-Pacific tax authorities agreed to avoid double taxation and to exchange tax information meant to prevent offshore tax evasion, according to the National Tax Service.

How Hong Kong’s Taxes Spawned Billionaires and Bred Inequality

How Hong Kong’s Sky-High Home Prices Feed the Unrest: QuickTake

Over 130,000 high net-worth individuals served tax notices

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

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