Managers of Wealth Asia Pacific

Banks face loss of China tax perks

Chinese banks have argued their higher tax burden makes it tough for them to compete with foreign banks.

HK's proposed dedicated tax regime for offshore aircraft leasing

The Proposed Regime is expected to make Hong Kong an attractive jurisdiction for existing lessors to set up or expand operations and for new debt and equity investors to enter the aircraft financing market.

Int'l life company closures in HK likely in near future

The negotiation of double taxation agreements could be sped up with other countries.

Tax agreement with India comes into force in Singapore

Both the countries later agreed to phase out the capital gains tax exemption gradually, and also committed to find new ways to promote bilateral investments.

HSBC discloses tax evasion probes in India, other countries

HSBC further said it has set aside USD 773 million over Rs 5,000 crore as a provision for various tax- and money laundering-related matters.

Out to prove S'pore is not a tax haven

Former judicial commissioner Edmund Leow is back practising the branch of law he loves

Pakistani cash in Swiss banks pulled out?

The decision to initial the treaty in Switzerland by the Pakistan’s taxmen was not liked by those who were sitting at the helm of affairs in Islamabad

Indonesia government to give tax office access to banking data soon - tax chief

The regulation is set to be issued near the time a flagship tax amnesty programme ends in March.

Tax Reform 2017: Relaxing the Bank Secrecy law in cases of tax evasion

The bill covers both peso and foreign currency bank accounts, thus taxpayer information can be obtained by the CIR even without the taxpayer’s consent.

New Cyprus-India Treaty for the Avoidance of Double Taxation

It also expands the permanent establishment article.

GST's IT infra firm under scrutiny for tax evasion

The summon also asked the company to produce details of receipts of funds from the Centre and details of payments made to Infosys.

HK Gov't. Must Review Tax System to Maintain Competitiveness, Says KPMG

KPMG suggests to lower the profits tax rate to 8.25 percent for certain income derived by qualifying regional headquarters and extend the current tax exemption to onshore funds.

Property industry say Labor's tax will hurt WA

WA is one of the only states in Australia that does not tax offshore buyers for investing in property.

Australian PM rejects calls to exempt banks from tax cut plan

“Distinguishing between one sector and another is not a practical measure. I’m not aware of that ever being done in any other jurisdiction.”

Owning assets overseas is not a crime

The discussion elaborated on the contents of his book on the same issue and focused on how the issue of Panama Leaks is always negatively comprehended.

Tax-haven funds surge in South Korean stocks raise questions on motives

The amount of stock holding by investors from Hong Kong.

Urgent push for simple tax changes to lift ag efficiency

In reality the current, chaotic and precariously balanced federal parliamentary environment does not offer much hope for a major tax revamp.

China to collect information on taxpayers' foreign financial accounts

The data collection is aimed at clamping down on tax avoidance through foreign financial institutions

How to claim tax benefits of health insurance

Can he take health cover for everyone in the family and get tax benefits for the same?

Bankwest cuts negative gearing benefits from home loan assessments

Mortgage brokers say including the benefits of negative gearing in investor loan assessments is still a widespread practice.