04/23/2017
PHL faces hurdles in copying Indonesia’s tax amnesty
The previous administration estimated lost revenue due to evasion at about $10 billion a year.
Tax
04/20/2017
Indian Banks To Soon Freeze Accounts For FATCA Non-Compliance
The financial institutions were also advised to continue to work on completing the required due diligence, including obtaining self-certifications.
04/18/2017
FICCI proposes 10pc corporate tax cut
BWCCI, IBCCI also place their fiscal proposals
04/10/2017
Tax amnesty: Law on the anvil to protect owners of offshore assets
The stakeholders – including the government and businesses – are finalising the and Foreign Asset Tax Bill, 2017 to give a general tax amnesty scheme.
04/09/2017
Indonesian tax amnesty odd help for private banks
The bold scheme, launched last year with great fanfare, initially alarmed private bankers.
04/07/2017
Hong Kong signs data-sharing deal with South Africa and Portugal
It is the latest data-sharing agreement signed by Hong Kong
04/06/2017
In tax evasion hunt, Australia finds scores of Swiss accounts still active
Out of that, Australia has already identified more than 340 and is still making inquiries to expose the remainder.
04/06/2017
Corporate giants hit with $2.2 bn Australia tax bill
The government said four of the firms were involved in ecommerce and three in the energy and resource sectors
03/31/2017
Indonesia to widen crackdown on tax evaders as amnesty ends today
Mr Widodo is banking on revenue from the amnesty to fund billions of dollars in infrastructure projects as South-east Asia’s biggest economy struggles to return to historic levels of economic growth.
03/31/2017
Specialists to thrive as clients seek compliance
In short, legal, tax-compliant structures are the only way forward.
03/30/2017
Indonesia to Widen Crackdown on Tax Cheats as Amnesty Closes
Widodo, known as Jokowi, is banking on revenue from the amnesty to fund billions of dollars in infrastructure projects
03/29/2017
Macau to Implement new rules on Tax Information Exchange
The ultimate goal of such systems is to help to fight fraud and tax evasion and avoidance.
03/29/2017
Singapore Top Contributor for Tax Amnesty Asset Declaration
Meanwhile, for foreign assets declaration the second highest position after Singapore is the British Virgin Islands with IDR76.92 trillion
03/27/2017
«Special Attention» Promised For Tax Amnesty Opt Outs
The Indonesian government has said it would adopt a firmer policy against tax evasion after the tax amnesty program.
03/24/2017
India-Singapore Double Tax Changes In Force
The protocol was signed on December 30, 2016, and entered into force on February 27, 2017.
03/23/2017
Jeane Napoles disputes BIR evidence in tax evasion raps
So, a person securing a one-time TIN does not need to have an income?
03/22/2017
Pakistan, Switzerland ink revised pact on double taxation avoidance
The revised Avoidance of Double Taxation Agreement between Pakistan and Switzerland would open new vistas for cooperation
03/21/2017
ATO looks at high net worths
The ATO’s work on private groups and wealthy Australians including high wealth individuals, trusts and promoters was continuing with over 260 audits under way.
03/21/2017
Indonesia tax amnesty nets $330 billion - now for reform
The amnesty has been criticized for benefiting mostly the rich.
03/20/2017
Next off the block
The OECD has also released a comprehensive commentary to supplement the Common Reporting Standard.