Managers of Wealth Asia Pacific

Double taxation fears are real

This means many manufacturing and trading subsidiaries of Indian companies may have to pay taxes in India now; the onus will shift to promoters to prove that they are run truly independently.

Australia ramps up focus on offshore tax evasion

It has also compiled a list of 100 advisers and promoters operating globally that have a direct link with people who may have evaded taxes.

ATO to unveil large business hit list, clamps down on Singapore hubs

The recent Senate inquiry into corporate tax avoidance revealed that a number of companies (such as Google, Apple, Microsoft, BHP Billiton and Rio Tinto) were under ATO audit for using hubs.

Soon, getting black money info from Swiss banks may be easy

Swiss Federal Council has initiated consultation proceedings on the revision of the Tax Administrative Assistance Act

Income taxes, wealth and poverty

The justification for the bill is that the current income brackets and corresponding tax rates are still based on the value of money in 1997

India, Japan sign agreement to amend Double Taxation Avoidance; will deter tax evasion

This agreement amends the convention between India and Japan for the avoidance of double taxation

India, Switzerland improve cooperation on tax matters

Switzerland and India have been working closely together in the field of mutual administrative assistance over the past few months

Singapore can afford to be more open in sharing data

Data openness - from space images to government budgets - sounds like a defensible cause. In the information age, citizens expect transparency, and degree of openness is an increasingly common benchmarking metric.

Hong Kong Urged To Cut Tax For Asset Management

It sets out recommendations relating to the tax regime for OFCs, which is currently under review by the Government, as well as the profits tax exemption criteria for offshore PE funds introduced on July 17, 2015.

Hong Kong Urged To Cut Tax For Asset Management

Parliament tables new tax laws for investment trusts

Offshore investors are often not familiar with the nuances of the Australian unit trust as an investment vehicle

Corporate tax avoidance bill may deliver little more than hefty fees for tax lawyers

A tax benefit is a reduction in assessable income or an increase in allowable deductions.

Private school fee records used to target offshore tax evasion

He said the ATO had 5000 client names from wealth management firms and a list of 100 advisers and promoters who had a "direct link with people who may have evaded taxes".

INC: Execs don’t have Swiss bank accounts

If they can prove that any of our INC leaders have offshore accounts in the Cayman Islands or in Switzerland, they can have the cash in all of them

Gold monetisation scheme: Investors to be exempt from Income Tax, Capital Gains Tax

The gold monetisation scheme has failed to attract many investors in the first tranche.

Australia: The case for a cut in company tax

Commentators also argue that Australian companies are avoiding tax by shifting profits offshore to tax havens.

Agreement for the avoidance of double taxation between Romania and Hong Kong

The agreement will come into power at the date of the last notification in which the parts inform one another with regards to the necessary procedures to get into power.

Black money probe: India seeks Swiss help in probe into Preneet Kaur, son’s bank accounts

The Swiss tax department has made these disclosures in two separate notifications published today in the Switzerland government's federal gazette.

Tax rich old men, restrict wealthy pumping pre-tax income into super: report

Its first major proposal is to restrict "concessional contributions" made from pre-tax income to $11,000 per year.

Tax levy by Mauritius can solve treaty abuse: India

Concerned over DTAA misuse, govt for island nation levying capital gains tax on entities incorporated there