10/06/2015
It released a package of measures designed to help governments plug gaps in international rules "that allow corporate profits to disappear or be artificially shifted to low/no tax environments, where little or no economic activity takes place
10/06/2015
Nomura still believes the world’s second largest economy will be able scrape through 6.8% growth this year based on data for the first nine months of year.
10/05/2015
He’s a one-time electronics entrepreneur whose net worth was once $50 million.
10/05/2015
Reforms to the international tax system for curbing avoidance by multinational enterprises
10/01/2015
India has sent the first set of information about Americans holding financial assets in India to the US revenue authorities
10/01/2015
The law provides for a compliance window for declaring and paying penalty and a failure to meet the timeline will attract an additional penalty of 90 percent for a total tax liability of 120 percent on the quantum of black money stashed abroad.
09/30/2015
automatic sharing of information on bank accounts as well as financial products such as equities, mutual funds and insurance
09/30/2015
Government has clarified that all those declaring overseas assets during the black money compliance window will not face any penalty or prosecution under FEMA and four other laws.
09/28/2015
The OECD will release the final package of measures for a co-ordinated international approach to reform the international tax system under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project on Monday 5 October 2015.
09/25/2015
Accidental Americans can include individuals like this future daughter-in-law who never thought of herself as American, as well as Green Card holders who let this authorization to live and work in the U.S. lapse.
09/25/2015
Thousands of Australians head offshore each year to expand their horizons and a lucky few will fund their adventure by working overseas.
09/25/2015
Traditionally, information about an individual or business has been sent from one tax authority to another on request
09/24/2015
A Senate hearing on Tuesday into the tax transparency amendment bill was told that the Australian Federal Police were never asked to assess the risk.
09/24/2015
In a recent speech, Odier noted that Switzerland has taken the necessary domestic legislative measures to conform with new international standards on tax compliance.
09/23/2015
The ATO is committed to ensuring that taxpayers are disclosing their offshore income
09/22/2015
Tax system is 'Swiss cheese' for the rich
AUSTRALIA'S tax system has been likened to a "giant Swiss cheese" full of holes through which the rich are able to funnel their income.
09/20/2015
Capital market regulator Sebi was so far focusing on trades during the fiscal years 2013-14 and 2014-15 in its fight against misuse of stock market platform for tax evasion and laundering of illicit funds.
09/18/2015
The changes aim to clarify when profits from residential property sales are taxable, as well as capturing more information about overseas buyers.
09/18/2015
These 1,000 companies will need to consider the new rules if they have economic activities in Australia, but book their Australian sales revenue offshore.
09/17/2015
Exclusive: company faces renewed questions over its fitness as security contractor at Australian detention centres on Manus Island and Nauru