09/02/2015
Amnesty for offshore tax cheats
The plan targets both Korean residents and firms operating in Korea, said Deputy Prime Minister and Finance Minister Choi Kyung-hwan.
Tax
09/02/2015
Offshore transfer taxation still a worry
Investors could be hit hard if they are taxed on the capital gains earned from the sale of holdings in FPIs
09/01/2015
India Says New Tax Won’t Apply to Foreign Institutional Investors
Move on minimum alternate tax is aimed at calming investors’ concerns
08/28/2015
Ensure compliance with FATCA requirements, says SEBI
Regulator SEBI today asked market entities to ensure compliance with changed income tax regulations, with India becoming a signatory to FATCA as well as a global pact to check tax evasion.
08/27/2015
India, Seychelles ink tax information pact
India and Seychelles also signed four other agreements, including one on air connectivity and the other for supply of a Dornier aircraft to the island nation.
08/25/2015
CA upholds tax exemption of Pinoy employees in ADB
The circular was used as basis for the BIR to run after the supposed tax deficiencies of ADB employees.
08/21/2015
A costly tax for Australian businesses
Many issues have been raised in all the debate on tax reform
08/21/2015
Australian Committee On Tax Avoidance Issues Interim Report
The interim report recommends that a mandatory tax reporting code be implemented as soon as practicable.
08/21/2015
Government approves pact with Seychelles to curb black money
A global regime of information exchange will go into force in 2017, arming governments with data to deal with illicit wealth.
08/20/2015
ANZ chief Mike Smith says tax system sent Atlassian offshore
There was an investment community who understood what they wanted to do and and a tax regime where they were not getting taxed twice on the same income.
08/19/2015
AUSTRALIA: Name and shame tax dodgers: report
The contents of the report were leaked to the media at the weekend, which is against parliamentary rules and has infuriated senators.
08/18/2015
Singapore bankers rattled by Asian moves to chase undeclared wealth
A global crackdown on tax evasion launched during the 2008 financial crisis has already forced Switzerland and other European offshore hubs to surrender their prized bank secrecy.
08/18/2015
AUSTRALIA: Tax laws to target big global companies
Thirty major multi-national companies will be targeted by the Abbott Government under a new assault on tax evading firms that has already brought in an extra $400 million in revenue.
08/17/2015
Top FPIs raise concerns with Sebi over Mauritius Treaty, GAAR and participatory notes
Overseas investors coming through Mauritius and trading on Indian stock exchanges are spared of the 15% tax on shortterm capital gains.
08/17/2015
Philippines: Gov’t sees improving tax collection efficiency in 2016
BIR collections account for more than two-thirds of the government’s annual revenue.
08/17/2015
‘Name and shame’ global firms avoiding Australian taxes, report recommends
http://www.themalaymailonline.com/money/article/name-and-shame-global-firms-avoiding-australian-taxes-report-recommends
08/12/2015
New report compares performance, best practices and trends in 56 tax administrations
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance.
08/11/2015
India: IT department not to disclose voluntary wealth disclosures
The facility is available under the Black Money Act’s compliance window, which ends on 30 September
08/10/2015
The OECD takes further steps to putting an end to offshore tax evasion
The OECD has released three new reports to help jurisdictions and financial institutions implement the global Standard for automatic exchange of financial account information
08/07/2015
South Korea revises tax code to boost household wealth, jobs
It also plans to offer a tax incentive to companies hiring young people aged between 15 and 29