Managers of Wealth Asia Pacific

China tax reforms, wealth planning and wills

After the banking crisis, 10 countries suffered losses in excess of USD100 billion every year through tax evasion, according to 2011 data from the Tax Justice Network.

'Robin Hood' tax on super rich sparks debate in India

The surcharge, popularly known as a "Robin Hood" tax, will help fund the government's development spending

Govt raises income tax on super-rich to support state lenders, small biz

The new rate will include 25% surcharge on income between Rs 2 crore and Rs 5 crore, and 37% on income exceeding Rs 5 crore in a year

Fear of inheritance tax looms large, India’s super rich are looking to set up trusts

Inheritance tax was abolished in 1985. But fearing its return, rich professionals and businessmen are flocking to tax consultants to set up trusts to avoid the tax.

How our tax system works

It's tax time again: time to start filling out the form or foisting figures and a bunch of receipts on your accountant.

Pakistan: Imran Khan announces tax evasion amnesty scheme

The prime minister is seeking to end Pakistan's rampant tax evasion as he secures a major IMF bailout.

G-20 focus: Trade disruptions, taxing tech

Officials expected to voice support for interest rate cuts

Tax-effective wealth-building strategies at EOFY

Couples can also benefit combined if one couple earns significantly more than another partner.

Tax cheat travel ban strengthened

So tax dodgers without a travel document yet can apply for one and leave before the travel ban paperwork has been completed.

Former bank executive has tax evasion conviction quashed

The CCA declined to order a fresh trial because of their age, “they would both be in their 70s at the time of a new trial”, and because of the length of time that had elapsed since the offences occurred.

Australia targets cryptocurrencies in international tax crackdown

The J5 was formed a year ago because of growing concern that tax avoidance, cybercrime and cryptocurrency abuse were escalating as criminals exploited differences between national tax laws.

Tax Office Investigating Individuals, Corporations for Offshore Tax Evasion Allegations

The investigation targeting Hyundai Department Store is regarded as a regular rather than in-depth investigation.

Modi govt's failure to bury tax terrorism left foreign investors cold

The niggling suspicion of global investors that they could lose billions to policy fickleness is far from allayed

Thailand funds boosted by economic recovery

Thailand single-country equity products have posted strong long-term returns as the country now awaits the result of political horse-trading.

Tax office launches probes into offshore tax evasion

Offshore tax evasion has been on the rise in recent years

Labor's Cayman Islands adventure ignites the base, but business is worried

This time, the shadow treasurer's target was tax havens.

No tax shelter for Brookfield's Multiplex Group

Financial accounts filed with ASIC for Multiplex Pty Ltd report that the construction group paid income tax totalling $26 million for the year ending December 31, 2018 on a profit before tax of $72 million.

FIs Need to Automate to Meet Tax Reporting Obligations – Report

The concept of a global economy is now well embedded in how business groups and individuals look at the world and, as a consequence, their reporting obligations to an increasing number of tax authorities and regulators have become more complex.

Hafeez Sheikh disallows PTI’s tax amnesty scheme

It is unclear if Sheikh has formally joined PTI or not but it is very clear that he has rejected the design of the proposed tax amnesty scheme.

China releases new rules for its individual income tax reform

This article will introduce the important changes to the old IIT regime and discuss their implications for both employers and employees.