Managers of Wealth Asia Pacific

One in five large private companies paid no tax last year

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.

Swiss Banks Outline Stance On AEOI

In a recent speech, Odier noted that Switzerland has taken the necessary domestic legislative measures to conform with new international standards on tax compliance.

Aust, US exchange details in tax crackdown

The ATO is committed to ensuring that taxpayers are disclosing their offshore income

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.

Sebi Widens Black Money Probe, Offshore Arbitrage Under Lens: Report

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.

Property tax/banking changes: are you ready?

The changes aim to clarify when profits from residential property sales are taxable, as well as capturing more information about overseas buyers.

Nearly 1000 Multinational Cos to be scrutinized under new Tax Laws

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.

Allegations surround Wilson Security's link to HK bribes scandal and tax haven

Exclusive: company faces renewed questions over its fitness as security contractor at Australian detention centres on Manus Island and Nauru

Israel and Australia to negotiate tax treaty

Australian Treasurer Joe Hockey: Australian companies can take greater advantage of Israel’s knowledge-based economy.

S'pore holds off on Apec fund deal over tax

MAS says equal tax treatment is needed for deal to facilitate cross-border selling of funds

Hong Kong's 'accidental Americans' caught in US tax jam

US taxation of overseas wealth of non-citizens is becoming a growing concern for Asia's rich

Govt makes Gold Monetisation schemes tax free

The rate of interest on the bonds will be calculated on the value of the gold at the time of investment.

Sebi asks market entities to follow I-T Department norms for FATCA

A meeting of sub-committee of the Financial Stability and Development Council today also discussed issues regarding inter-regulatory co-ordination for reporting under FATCA,

Undisclosed foreign bank accounts: CBDT issues guidelines for compounding of offences

The CBDT clarified that the matter was examined in consultation with the Special Investigation Team on black money.

Black money trail exposed

According to some black money researchers, it is actually Indian black money routed back to India through foreign tax havens in the name of P Notes. Here is one such shocking example.

India to tax collectors: give foreign companies a break

Dozens of letters demanding payments from funds rattled the market, forcing the government this week to scrap claims.

I-T sleuths asked to give foreign firms a tax break

Dozens of letters demanding payments from funds rattled the market

Government releases new set of FAQs on black money window

Tax dept hopes more tax evaders will declare their unaccounted for assets as 30 September deadline draws near

Local banks pre-tax income declines

The commission said the figure is lower than expected as global economic growth momentum showed, taking a toll on domestic banks.

Black money law: Beneficiaries in overseas discretionary trusts may face enquiry

he taxman will look through the trust and lift the veil with the basic presumption that the fund a trust holds belongs to the beneficiaries and not some foreigners or non-resident Indians.