Managers of Wealth Asia Pacific

Taxman target indirect investments in overseas companies

Explanations have been sought from some high-profile people on non-disclosure of indirect investments abroad.

Taxpayers should not be subsidising lifestyle of wealthy retirees

Critically, if you didn’t pay any personal income tax, you couldn’t claim the credits from the tax paid on your dividends as you had nothing to claim it against.

Swiss Tax letters leave Indians in HSBC list in a catch-22 situation

They will have to respond in ten days

Why a capital gains tax isn't the answer for small businesses

Once a property is built it seldom employs anyone, doesn't grow the economy or generate a return for anyone other than the owner (and the bank which lent them the money).

Tax service is focused on rich to help fair economy

The NTS said one of the focuses of its investigations will be tax evasion, including the running of affiliates under the names of others and the unfair awarding of contracts to subsidiaries.

S.Korea's tax agency to intensify probe into companies' tax evasion

The agency would also concentrate on collecting the high amount of unpaid tax from rich people.

KOREA: Overseas tax evaders face intense audits

Under the initiative led by the OECD, over 100 countries and jurisdictions are collaborating to implement measures to tackle this issue.

Plan to collect tax on offshore assets

Now the tax demands could be generated once this was approved by parliament

Commentary on Implementation of new Individual Income Tax Law Regulation in China

The news of a possible “Expatriation Tax” in China caused significant debate as well as panic among the HNWIs interested in emigrating or who had already emigrated overseas.

Tax Planning: Offshore account holders should come clean with the taxman

Take the British Virgin Islands, which is a tax-free jurisdiction.

Malaysia achieves record direct tax collection

According to Lim's breakdown, revenue collected from income tax other than petroleum contributed RM116.953 billion or 85.35% of the total collection last year.

Trusts being used to avoid paying billions in tax, report warns ATO

One of the authors of the report, John Glover, a professor of law at RMIT, told the ABC that Australia was behind other countries when it came to the regulation of trusts.

Grant Thornton M’sia’s revenue grew 27% in FY18

The record turnover was the global firm’s highest growth rate in six years, driven by broad-based growth of 9.4% across the network.

Flouting laws, dozens of Nepalis invested in companies in tax haven nations

Former lawmaker Birendra Mahato and his brother Upendra Mahato, Nepali Congress member Rajendra Bajgain, controversial businessman Ajeya Raj Sumargi, Mercantile CEO Sanjib Raj Bhandari, Chaudhary Group MD Arun Kumar Chaudhary, Hotel Malla Chair Rama Malla

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