Managers of Wealth Asia Pacific

China’s rich brace for tax raid on $24 trillion wealth pile

Anxiety over how the new rules will be enforced has already triggered a flood of Chinese clients seeking to create overseas trusts.

Government steps up drive vs tax evasion, smuggling in 2018

The DOF said the BIR as of November has seized 5,227 mastercases of fake cigarettes bearing various brands and affixed with counterfeit tax stamps.

IIA takes a fresh look at risk management model

The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.

New tax laws bring good news for foreigners in China

The current system holds that foreigners living in China for more than a year can leave every five years for a 30-day stint in order to avoid paying tax on offshore income.

Andersen Global Expands into Gurgaon

The addition in Gurgaon marks Nangia Advisors’ fifth location and continues their steady growth in India.

PwC Singapore seeks more tax breaks in Budget 2019 to spur startup scene

PwC also recommended liberalising the Angel Investors Tax Deduction scheme to make it easier for individual investors to qualify, thereby boosting the growth of tech startups.

China Exempts Mainland Investors from Tax on Hong Kong Funds

As of August, they have seen just CNY 10 billion (USD 1.45 billion) in net inflows from mainland investors.

Court order trips tax hounds in hunt for secret foreign assets

This provision in the law applies to income that was earned in India but on which no tax was paid.

HK plans to widen tax breaks for hedge, private equity funds

City aims to draw more of such funds, to compete with rivals

China's Rich Rush to Shelter $1 Trillion From New Taxes

The reforms, which take effect Jan. 1, are meant to reduce the tax burden on lower-and middle-income people by making the rich pay more.

China's Rich Rush to Shelter $1 Trillion From New Taxes

New tax rules will apply to overseas holdings from Jan. 1

Australian Taxation Office contractor has history of bankruptcy and links to tax havens

Stellar has benefited from contracts worth more than $150 million from the ATO since 2012.

Mazars offers tailored solutions to assist multinationals in cross-border transactions

Mazars in Thailand is noted for its flexible, tailored solutions that enable its clients to engage in business in Thailand quickly and efficiently

17 more Chinese stars alleged to have evaded taxes: Who are they?

Action could be taken after March against offenders.

Japan to toughen cross-border taxation

The move will follow corporate tax cuts in the United States under President Donald Trump’s initiative, which have sent overall tax rates there below 30 percent.

Global Forum on Tax Transparency marks a dramatic shift in the fight against tax evasion

The meeting marked the widespread rollout of automatic exchange of financial account of information.

Flooding in British Virgin Islands destroyed files on Indian tax dodgers: Report

The inability of BVI officials to furnish the requisite documents could also stall the efforts of tax sleuths who are concurrently probing those named in the Panama and Paradise leaks.

Debunking China Myths: China's private sector in past 40 years

The China Banking & Insurance Regulatory Commission has also taken stimulating measures.

Brokers slapped with Rs7bln tax recovery notices

Official documents confirmed that the Regional Tax Office Karachi served notices to two trading right entitlement certificate holders for the recovery of seven billion rupees.

Philippine tax amnesty law by year’s end?

Taxpayers who have availed of the tax amnesty shall be immune from the payment of taxes as well as any additional civil, criminal, and administrative penalties under the National Internal Revenue Code.