04/12/2016
Secret documents leaked a week ago from Panamanian law firm Mossack Fonseca revealed a complex network of offshore entities set up by public figures to stash away their fortune for tax avoidance.
04/12/2016
SK Group, the nation’s third-largest conglomerate, has the most offshore companies in tax havens
04/12/2016
India and Maldives signed two agreements for exchange of information with respect to taxes, and for avoidance of double taxation of income derived from international air transport.
04/11/2016
Police in neighbouring Singapore, who are investigating allegations billions of dollars have been pillaged from 1MDB, have listed Mr Low as the beneficial owner of ADKMIC’s bank accounts.
04/11/2016
The leak of documents revealing the use of tax havens by world political leaders is sending shockwaves around the globe.
04/11/2016
New Zealand's government has appointed a tax expert to review its disclosure rules for foreign trusts and says it's open to considering changes.
04/10/2016
The Panama Papers were released earlier this week. The details were made public by the International Consortium of Investigative Journalists.
04/04/2016
The probe follows the reported leak of more than 11.5 million documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama, revealing details of hundreds of thousands of clients.
03/30/2016
The companies set up in BVI in turn could be holding properties and other assets in London, Dubai and other places. Persons who are found guilty and are unable to obtain stay order from the High Court, can be arrested under the law in these cases. More su
03/29/2016
This double liability is often mitigated by tax treaties between countries.
03/24/2016
Brodjonegoro was quoted by media as saying the tax authority has identified 2,000 SPVs set up by Indonesian firms and 6,000 saving accounts in tax-haven countries.
03/24/2016
It was originally planned to be implemented in early 2016, to offer low tax rates to those who declare untaxed wealth.
03/22/2016
The laws require the Australian Taxation Office to publish the tax details of about 300 of Australia's wealthiest private companies with revenue of $200 million or more.
03/21/2016
Capital outflows from China have been fuelled by concerns about its economic slowdown and expectations of higher US interest rates.
03/17/2016
In line with the government’s focus on attracting foreign investment into the country, the Union Budget made management of offshore funds much easier, by ensuring that offshore funds managed by fund managers in India don’t come under the ambit
03/10/2016
The scheme attracted over 4.75 lakh declarations of which 3.09 lakh pertained to jewellery and other movable chattels. VDIS of 1997 allowed 'declarants' to disclose their possession at backdated values.
03/04/2016
The key provisions in direct taxes which have been proposed in this Budget
03/04/2016
The bank, without disclosing the names of the Indians who indulged in the alleged tax evasion through its Swiss or Dubai units, had recently announced in its annual results
03/04/2016
The Foreign Account Tax Compliance Act, enacted in 2010
03/04/2016
These changes will be imposed through standard conditions included in all foreign investment approvals under Australia's foreign investment regulatory regime.