Managers of Wealth Asia Pacific

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.

Life with elephants: wealth management in India

It also offers consulting services, business aid and help with regulation processes.

The problem with Asian fund passport schemes

The Asean passporting scheme between Singapore, Malaysia and Thailand has had far fewer participants, with only six funds that have been approved for sale in total.

The fight against offshore tax evasion continues: CRS disclosure facility delivers first results

Practitioners, ‎financial advisers, civil society and anyone with knowledge of schemes that purport to circumvent the application of the CRS are strongly encouraged to come forward and make use of this facility.

Tax queries: How to claim TDS refund

As your total income does not exceed Rs 2.5 lakh, your tax liability will be nil.

Hogan rejects ATO boss 'settlement' claims

I'd have been quite happy to go to court

'We will hunt this down': ASIC probes bank tax leak

Rumours that a bank tax would be announced in the budget helped wipe off some $14 billion in market value of the lenders on May 9

Paul Hogan paid ‘tens of millions’ to ATO

Sometimes substantial amounts, in the tens of millions, are paid, and that covers the liability.

Japan, Iceland reach basic agreement on tax convention

The convention is hoping to boost mutual investment and encourage economic exchange.

How Hong Kong can shed its reputation as a tax haven

Kalina Tsang says the government’s half-hearted attempt to enforce better information sharing with other jurisdictions to combat cross-border tax evasion does not go far enough, and it should be bolder

Govt targets $100M/year from closing offshore tax loopholes

Tax consequences should not be an obstacle to businesses innovating

Australia Should Extend New Levy to Foreign Banks, Lawmaker Says

Bank levy on foreign firms may raise up to A$800 million

Modi government makes major breakthrough on black money stashed in Swiss bank

The ministry of finance replied, “Information on 628 Indian persons holding bank accounts in HSBC bank in Switzerland was received from the government of France under Double Taxation Avoidance Convention between India and France.

New rules in China lay trap for tax cheats at home and abroad

New reporting regulations meant to help authorities track down evasion at home and corrupt officials overseas

Tax fraud investigation may disrupt Panama papers inquiry

A tenth person has been arrested and charged

Indonesian tax office gets power to probe client bank accounts

The move is part of the country’s efforts to get in line with initiatives such as the Automatic Exchange of Information, according to a report by Reuters.