Managers of Wealth Asia Pacific

SoftBank fixes tax filings for unreported earnings

The amendments come amid increased scrutiny of the use of tax havens by technology giants such as Google Inc., Apple Inc. and Amazon.com Inc.

New ITR forms make it difficult to evade tax on HRA: Here's why

The Government's focus on e-assessments is another endeavour to use information technology to effectively assess tax returns and plug tax avoidance.

Revisiting Panama: Pakistan’s tryst with tax havens

This colossal data leak, the first of its kind, was analysed for a year and compiled into what is now known as the Panama Papers.

Vietnam seals deal in tax agreement

Tran Lam Tung, Vietnamese Embassy trade attache in Phnom Penh, said the double taxation treaty encouraged international trade and investment along with the free flow of technology.

Financial secrecy Philippine style

Granted, most of the money was simply being hidden from current or ex wives, boyfriends, business partners and taxing authorities, in a few cases the funds were exceedingly dirty.

Australia Provides Update On International Tax Enforcement

Next he discussed the transfer of intellectual property offshore, describing it as a growing concern for the ATO

India tax department freezes certain Cognizant bank accounts: report

India's Income Tax department has frozen Cognizant Technology Solutions Corp's bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT), according to a report on Tuesday.

Turnbull's company tax cut vote delayed

Reducing the tax cost to business will help increase Australia's well-being in the long run.

US tax reforms create opportunities and challenges for wealthy Asians

“Our corporate tax rate was, up until December 22, the highest in the developed world at 35%,” he says, pointing to the ‘why’ companies will look at the US differently now.

India, Hong Kong sign double taxation avoidance pact

The double taxation avoidance pact will stimulate flow of investment, technology and personnel from India to Hong Kong and vice versa, and prevent tax evasion

IRB doesn’t tax based on ‘perceived wealth’

Second finance minister says there are no records that Jho Low and Reza Aziz have income derived from Malaysia in recent years.

Will LTCG tax hurt mutual fund flow?

We ask the experts if the reintroduction of LTCG for equities and equity mutual funds will have an impact on the inflows

Switzerland yet to ratify tax avoidance agreement

After signing, the two sides had agreed to undertake internal procedures for ratification of the agreement.

Hong Kong’s MPFA backs tax break for voluntary contributions to pension fund

The MPFA applauds the plan, according to Cheng Yan-chee, its chief corporate affairs & executive director.

Hong Kong: Changes to double taxation relief under DTAs

Furthermore, uncertainties surrounding the Amendment Bill will likely require clarication by the Inland Revenue Department (IRD).

Vietnam's draft tax on unexplained incomes could lead to money laundering: legislators

National Assembly delegate Truong Trong Nghia said: “We should not impose a personal income tax on civil servants who fail to provide valid explanations for their assets, because the tax would only be levied on their legal incomes.”

Hong Kong: Changes to double taxation relief under DTAs

If the jurisdiction in which the individual performs the services maintains a DTA with Hong Kong, the taxpayer can opt to claim a foreign tax credit (FTC) on the income instead of taking the exclusion.

Hong Kong gives fintech measures the thumbs up

This is a means by which employers can offset long service and severance payments to employees by deducting the amounts from contributions made to the latter’s pension accounts.

CTU calls for sunlight on multinational corporate tax

"This bill is a good start, but we think we need to go further - in particular in addressing tax avoidance from the likes of Google and others without a taxable presence in New Zealand," Mr Huggard said today.

KPMG sells $2bn super admin business

KPMG will sell the business to OneVue, which said that the acuqisition will double its scale, funds under administration and super member administration revenues.