Managers of Wealth Asia Pacific

Taiwan's taxation pact with Saudi Arabia takes effect

The agreement is the 34th taxation pact Taiwan has signed with another country, according to the MOF.

Malaysia: Changes made to service tax treatment of certain directors’ fees and allowances

Apart from the changes related to payments to NEDs, the updated professional services guide reflects a minor update regarding management services to add in regulatory exclusions from the category of taxable services that entered into effect on 1 September

Swiss Bank Tax Evasion Case Highlights Singapore's Gaps

This raises questions about how effectively the city-state fights financial crime.

Should we tax the rich in Singapore? Two wealth managers comment

Youssry Henien and Rohit Ganguli discuss the implications of Singapore's proposed wealth tax.

Singapore Is Said to Canvass Wealth Circles on Tax Ideas

The discussions took place through official feedback sessions as well as unofficial meetings over meals, they said.

S. Korea’s tax chief seeks cooperation with Denmark, Hungary

Hungary is the first Eastern European country to form a trading partnership with Korea.

Singapore bullish about impact of international tax changes

The GloBE regime forms the second of a two ‘pillar’ international tax agreement reached by 130 countries in June. BEPS 2.0, as it has become know, has since been endorsed by the G20.

Real estate wealth tax and Singapore's property cooling measures

If such a wealth tax must be implemented, some cooling measures may have to be rolled back too

Why China Could Be Serious About a Property Tax Now

China has been targeting the property sector with new restraints

MAS Chief Menon Says Wealth Tax May Be Needed in Singapore: ST

To encourage an inclusive society, it may make sense to shift the balance in the country’s tax structure away from taxing income toward taxing wealth, the publication reported Menon as saying at an Institute of Policy Studies lecture.

Grant Thornton launches CFO advisory service in Australia

Kicking off his career with EY in London in 1999, Barnikel six years later relocated to the Big Four firm’s Sydney office, where he steadily rose the ranks before being promoted to partner in 2016.

Tax agency launches probes into offshore tax evasion

The agency said it is looking into people who opened secret offshore accounts to conceal illegally earned money, and companies which evaded taxes by using fintech and other online trading platforms.

Global tax overhaul backed by 130 countries

All G20 countries, such as the US, UK China and France, did back the agreement.

Hong Kong Trust Industry Spotlight: Taking centre stage

An in-depth view into the growth opportunities and outlook for Hong Kong’s trust industry

Indonesia targets its crazy rich Asians with 35% income tax in bid to heal coronavirus-hit economy

Indonesia’s need to collect more revenue comes after its budget deficit reached 6.09 per cent of GDP last year.

Finance Ministry refutes news media reports of alleged black money held by Indians in Switzerland

India and Switzerland are signatories to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC) and both countries have also signed the Multilateral Competent Authority Agreement

China assigns more money to improve inclusive investment this year

Yi Gang, governor of the People's Bank of China, stated that the country's central bank, up to now, more than 36 million micro and small businesses and self-employed individuals have got admission to inclusive finances.

Covid-trapped expats face inadvertent tax double-up

Presently, there are many tests used to determine residency, including whether an individual has been present in the country for more than half of the year and if their regular domicile is in Australia.

China won’t benefit from ‘loopholes’ in global minimum tax plan, US Treasury Secretary Janet Yellen says

“We would not agree to any type of carve-out that would meaningfully weaken a robust global minimum tax regime. Not for China, not for other countries,”

A&M Taxand 2021 Global Guide to M&A Tax

The past year also left the markets wondering whether a trade deal would ever be struck between the UK and the European Commission as the Brexit deadline loomed.