Managers of Wealth Asia Pacific

Taxing cryptocurrencies in India

Transactions in cryptos may incur tax once regulators get a fix on their classification. Here’s what to expect

High tax on GIFT trades keeps foreigners away

Those who have a physical set-up in GIFT are required to pay only 9 per cent minimum alternate tax (MAT)

New tax break makes it more attractive for Chinese companies to repatriate overseas profits

Beijing seeks global competitive edge with measures that encourage repatriation of profits by domestic companies and foreign firms to keep earnings in the country

Story Of The Year: The Taxman cometh

Phase one of Ops Mega involves the audit of 15 local and foreign banks with offshore dealings in Labuan for “potential transfer pricing”

Five Things to Know About China’s Proposed Property Tax

The article, penned by Finance Minister Xiao Jie, said that China aims to implement the new tax based on the appraised value of real estate after a special law is passed.

Asian shares rise on US tax cut hopes; China in focus

European and U.S. stocks are also expected to have a solid start to the week.

Imran free of Panama-like suspicion, rules SC judge

It said that non-disclosure of unspent salary income from Capital FZE, which had been accumulating for a period of time, was treated as concealment of asset in the Panama Papers case

South Korea considers cryptocurrency tax as regulators grapple with ‘speculative mania’

Australia’s central bank governor Philip Lowe warned on Wednesday the fascination with the assets felt like a “speculative mania.”

KPMG revenues grow strongly to record $26.4 billion

KPMG invested more than US$1 billion this year in a multi-year program focused on new technology, innovation and developing new services and solutions

Taxing private wealth may affect Singapore's reputation

They said it is a tricky tightrope to navigate as levies could take on many forms, from further imposts on property to perhaps the reintroduction of estate tax, which was abolished in 2008.

ATO targets hundreds of Australia's richest people

It is an entirely different approach for the ATO, which has typically relied on audit and review activity to catch cheats.

Foreign property buyers feel SA sting of dumped bank tax

High existing stamp duty rates on residential property combined with the increase in the foreign buyer surcharge would dampen activity among builders and developers also.

Samsung Group Chairman Lee Kun-hee ‘s Offshore Account May Cost Him at Insurance Subsidiary

Lee self-disclosed his secret offshore account

No second tax amnesty, official says

This is fair for those who participated in the tax amnesty,” said Hestu in Manado on Wednesday as reported by kompas.com.

India slips in OECD ratings on exchange of tax info

A pertinent suggestion for India, is to "ensure the quality of the exchange of information requests sent to tax authorities of other countries and an efficient communication with its EoI partners, in all cases".

Singapore to raise taxes as govt spending increases

Just as older generations saved and invested

India, Hong Kong To Sign Double Tax Pact

It will improve transparency in tax matters and will help curb tax evasion and tax avoidance," the Government announced.

Paradise Papers Expose Rich And Famous Using Tax Havens

The paper called in the International Consortium of Investigative Journalists to oversee the investigation.

“Direct investment” in tax havens by Korean companies on the rise

There is suspicion that corporate money may have been sent to tax havens in the guise of direct investment to conceal assets or avoid taxes.

Duterte going after rich who don’t pay right taxes

The group has since expanded with the inclusion of successful tycoons and politicians.