Managers of Wealth Asia Pacific

India launches national tax amid business doubts

The system gives opportunity to honesty and people who do honest business.

New Zealand-Hong Kong tax treaty updated

The protocol updates the existing double tax agreement between New Zealand and Hong Kong, to allow full exchange of information on tax matters between the two jurisdictions.

Chinese money floods into Hong Kong property, as Beijing set to check taxpayers’ foreign financial accounts

From July 1, China’s top tax authority will start requiring details of any financial assets held in China

Expiry date in tax havens? Jersey shares 'old' records of trusts & foundations

A tax haven would have no obligation to reveal details of bank accounts and trusts that have been closed.

Aussie Banks Get Bashed Again

ANZ Chief Executive Officer Shayne Elliott wasted no time in responding to the South Australian Government’s announcement of a new state-based bank tax.

Australian banks face 'Pandora's box' of taxes after state hike

While a state bank tax was not currently being considered, Western Australia was watching how it went in South Australia, he said.

S'pore inks 2 pacts to enhance exchange of tax info

The first agreement covers the automatic exchange of financial account information under the Common Reporting Standard

S’pore signs multilateral deals to boost tax cooperation

The first agreement commits to have an automatic exchange of financial account information under the common reporting standard, bringing Singapore on board with more than 90 jurisdictions.

Hong Kong needs radical tax reform, as addiction to real estate is hurting long-term growth

The government’s strategy of simply hiking stamp duty rates has largely been unsuccessful in cooling the market, an outcome that, to a tax practitioner, is unsurprising.

Indonesia & Hong Kong to Share Taxpayers' Bank Account Data

The so-called "Panama Papers", which involved the leaking of 11.5 million documents of Panamanian law firm Mossack Fonseca in 2016

Bank levy: Macquarie Group wants exemption

“Offshore investors have voiced their concerns about the tax and what it says about relations between the Australian banks and the government,” Mr Lennon will say.

Hong Kong firms to increase investment in internal auditing

The survey also shows that over 80% of senior audit executives rated the role of their internal audit function as a key business advisor, demonstrating that internal audit practitioners regard their function as a value provider.

UK and Kyrgyzstan sign double taxation agreement

The treaty follows the OECD Model Convention in many respects.

Japanese named in Panama Papers owe 1 billion yen in tax on hidden income

The unpaid taxes came to light through investigations after the individuals and companies were each contacted by local tax authorities.

San Miguel approves of Govt plan to impose new taxes

It started its push in 2015 when it sought consent from its bondholders to shift its strategy to become a multibeverage company rather than just a beer and alcoholic-beverage firm.

News Australia loses appeal in Federal Court on $15m tax bill

The Tax Institute's senior tax counsel Bob Deutsch said the case was important for establishing broad principles regarding the timing of interest income.

APAC: Are you ready for CRS?

Being at the forefront of international regulations is not easy, but if you are a compliance expert or CFO, the Common Reporting Standard or CRS should be at the top of your priorities list.

Nations join global deal to fight tax evasion

Accord to be signed by some 60 countries, but US opts to negotiate bilaterally

KPMG buys 3 Degrees Consulting, adds 15 consultants

Commenting on the deal, Stephen Walmsley who has served as an independent advisor to boards of a number of Australia’s leading listed companies, stated 3 Degrees’ purchase was a major opportunity for the firm, referencing this as a key growth

Korea signs multilateral treaty to prevent offshore tax erosion

It is also aimed at narrowing complex tax treaty loopholes and keeping multinational companies from shifting their profits to low or no tax environments.