Managers of Wealth Asia Pacific

Update Tax Amnesty Program of Indonesia: Results So Far?

The tax amnesty program of Indonesia runs between 18 July 2016 and 31 March 2017.

The sordid stories of plunder

While there is complete denial in Pakistan about tax evasion and illegal flight of capital, new disclosures by ICIJ unveil some shocking facts about secret offshore deals

Undeclared incomes: Tax info-sharing agreements is a step in the right direction

The Foreign Account Tax Compliance Act (FATCA) was made a law in 2010 in the US and India has agreed to collect and share information under the agreement with the US for implementing FATCA.

Deloitte under microscope as Dick Smith goes into liquidation

Marketing rebates are recognised immediately as a profit, whereas inventory rebates are recognised when the inventory is sold, which may be in a later financial period.

Tax Investigation Huawei Korea under Probe over Offshore Tax Evasion

The Korean corporation of Huawei has about 150 employees and mainly provides network service to Korean wireless carriers.

Technology to make tax evasion difficult; make India a tax paying society: Arun Jaitley

We gave an opportunity to the people, who have illegal assets abroad by opening a compliance window.

Indonesian tax amnesty could spark outflow from Singapore wealth industry

It is a huge portion of the approximately $470 billion of assets under management by private banks in the financial hub.

Now, expectations of helicopter money from Bank of Japan

While replying to a comment from Thomas Piketty on how little taxes Indians pay, Bibek Debroy had remarked, “Indians pay one of highest tax rates in world...

Singapore denies cutting tax rates to 'thwart' Indonesia's tax amnesty programme

“Singapore has not cut tax rates, nor changed our policies in response to Indonesia’s Tax Amnesty Programme,” said the Embassy’s statement.

Negotiations to amend Cyprus-India double tax agreement concluded

With taxation rights over gains on the disposal of such shares at any future date remaining solely with the state of residence of the seller.

Govt Appoints 18 Banks to Manage Tax Dodgers

"19 banks were deemed eligible [to handle the back taxes payment], but only 18 returned the ministry's call," Robert said.

Macau and China add protocol to the agreement to avoid double taxation

The protocol adds measures against tax evasion on dividends, interest, royalties and equity income.

Indonesia commences new tax amnesty program

Finance Ministry officials held a news conference late on Monday to announce details of the program.

Korean firms to be eligible for tax benefits when selling overseas assets

Taxes can be put off or deducted if merger meets a certain level of criteria.

Panama Papers link Japan’s shady online brokers to tax havens

Tax avoidance and easy incorporation procedures may be why those companies chose to set up the shells in tax havens, an FSA spokesperson said via email.

Rich Lister: Tax System Favours The Wealthy

In a speech to the NZ Initiative think tank in Auckland last night, Stephen Jennings also said low productivity growth, weak global linkages and rising inequality, particularly in the education system, were additional challenges facing New Zealand.

Budget cuts less harmful than taxes: KPMG

The second least distorting option was where government spending cuts contributed 85 per cent of the budget repair and tax increases totalled 15 per cent in the reduction program.

Singapore and hybrid instruments in the post BEPS era - Withers

Exhibiting the characteristics of both debt and equity, they are commonly used as part of international tax planning strategies adopted by multinational enterprises in order to exploit differences in tax treatment of each instrument under the respective d

Japanese 2016 tax reforms - Withers

The entire reform package provides for reforms in the corporate tax, consumption tax and individual tax areas as well as addressing long standing issues such as online sales and the OECD anti-tax avoidance project known as BEPS.

New Zealand sets up trust register to curb tax evasion, money laundering

New Zealand has long been identified as offering a trust regime popular with the offshore trust business.