Managers of Wealth Asia Pacific

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.

Double tax treaties in Singapore.

Income of artists and sportspeople are taxed in the country in which the performance or sporting event takes place.

China signals possible introduction of national property tax

This comes as surging home prices raise concerns over widening wealth gap

KPMG brings its Apptio partnership into the Singapore market

KPMG’s expertise on cost flow management together with Apptio’s solutions will help enterprises to have oversight of, and better manage these IT costs.

Tax governance and the ATO’s expectations based on the OECD’s Justified Trust Concepts

When engaging with a taxpayer, the ATO is seeking to understand a taxpayer’s tax governance framework.

Samsung Heirs Agree to Settle Colossal Tax Bill

Multi-Billion Dollar Art Collection Could Settle Historic Tax Bill

Profits tax exemption for private equity funds in Hong Kong

The proposed concession will address general partners and fund/investment managers’ concerns on the tax exposure relating to their performance fee, or commonly known as “carried interest”.

Apex launches Australian tax services

Follows launch of corporate solutions via Throgmorton Australia.

Japan FSA and NTA's announcement regarding the tax treatment on carried interest distributed to SLPs

In their respective announcements, the Japan FSA and NTA sought to provide further guidance and clarity on the use of SLPs by Japan PMs in relation to the receipt and taxation of carried interest.

BoI approves B2.4bn in biotech incentives

Among them is Fruita Biomed Co, which received BoI approval for a project to produce Polyhydroxyalkanoate, or PHA, a bioplastic compound developed from organic waste.

Tax haven ranking shows countries setting global tax rules do most to help firms bend them

Leading economists and campaigners from around the world are calling for OECD tax rules to be superseded by a more robust and globally inclusive process at the United Nations

Tax agency launches probes into property-related tax evasion

The LH scandal erupted in early March after two civic groups accused 14 LH officials of allegedly using insider information to buy farmland in two satellite cites south of Seoul between April 2018 and June 2020

The Greens Want To Bring In A 6% Wealth Tax On Australian Billionaires

The wealth tax is one of several key policies the Greens are planning on taking to an election either this year or next under its Fight for the Future campaign.

Greens target super-rich with $40b billionaires’ wealth tax

The proposed billionaires’ tax would capture all the assets of a high net worth individual, including property, artwork, jewellery, cash on hand and shares