Managers of Wealth Asia Pacific

International Tax News, February 2016 - PwC

authored by specialists in PwC’s global international tax network.

Indonesia's wealth managers bank on tax amnesty for take-off

The scheme will offer the well-heeled incentives to bring money back to the country but it won't require taxpayers to repatriate their assets, which means a flood of funds from abroad is unlikely.

Indonesia tax amnesty may lure home some of $280 bil reportedy stashed in Singapore

The scheme will offer the well-heeled incentives to bring money back to the country but it won't require taxpayers to repatriate their assets

CBA pays its tax, and wants whole-of-system reform

So the CBA chief executive is keen to emphasise the bank's "conservative settings" and the strength of its balance sheet in terms of the ability to cope with whatever challenges the market throws up.

KPMG acquires Markets IT

KPMG Australia has acquired Australian financial services technology consultancy, Markets IT.

India – A tax haven

An enterprising tax payer was confronted and cornered like a rat on all sides with various types of taxes.

Save individuals, not ‘living dead’ cos: Rajan

Rajan's statement assumes significance in the backdrop of the government preparing to introduce the bankruptcy bill in Parliament.

Switzerland Says Stolen Data Issue Impacting Tax Cooperation With India

India and Switzerland have been working closely on mutual administrative assistance on tax matters and both sides have expressed their willingness to step up the cooperation.

Significant progress in tax cooperation with India: Swiss government

India and Switzerland have been working closely on mutual administrative assistance on tax matters and both sides have expressed their willingness to step up the cooperation.

A boost to transparency in international tax matters - OECD

The signing ceremony marks an important milestone towards implementation of the OECD/G20 BEPS Project and a significant increase in cross-border cooperation on tax matters.

Malaysia confirms its commitment to implement Automatic Exchange of Financial Account Information

Many jurisdictions are now updating domestic legislation to ensure that financial institutions report information on financial assets held by non-residents. Financial information is already being collected in many jurisdictions for automatic exchange betw

Taxman steps up Swiss account investigations

Since Australia’s tax treaty with Switzerland was amended at the end of 2014, the ATO has intensified its investigation into holdings in Swiss banks and other financial institutions.

This is how little tax Apple is paying

Tech giant is being audited by tax office and is a subject of Senate investigation.

30 offshore tax evaders under probe

Some officials working for the country's top 30 conglomerates are reportedly expected to be investigated for tax evasion attempts; but the NTS didn't give the names of the conglomerates.

Big business accused of using 'straw man' arguments against tax avoidance crackdown

Tax Justice Network advocates tougher rules that will prevent multinationals gaming international tax laws so they pay little or no tax

India, France to explore avenues to check offshore tax evasion

India has been spearheading the campaign at international fora for automatic exchange of information with a view to check tax evasion.

Accounting Big Four gear up to support family businesses

Just this month, PwC beefed up its firepower with the acquisition of homegrown brand strategy consultancy StrategiCom

Canada signs double tax agreement with Taiwan

A double taxation agreement has been signed by Canada and Taiwan, limiting the withholding tax rate for dividends, interest, and royalties.

Russian Agreement Advances Hong Kong's DTA Priorities

For this purpose, we will seek to negotiate as soon as possible with those countries which have yet to sign these agreements.

Black money hunt leads to tax bosses

Top official 'wrote to CBI saying tax babus were helping businesses evade their dues'