08/07/2015
In a significant new move by Prime Minister Narendra Modi's government, the Securities and Exchange Board of India (SEBI) has recently started to reach out to international private banks
08/05/2015
HSBC has been asking all "politically exposed persons" having accounts with the bank to disclose their source of fund and income.
08/05/2015
Under the new law black money, it is not the case that we will put up a public notice that so and so has availed the benefit and paid tax
08/04/2015
Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.
08/03/2015
South Korea is seeking to push through tax changes aimed at encouraging savers to invest in foreign assets
08/03/2015
Firms will have to disclose details about foreign bank accounts, immovable property, capital assets and financial interest in any entity even in cases where there is beneficial ownership
08/03/2015
The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of infor
07/31/2015
CSIRO chief executive Larry Marshall has refused to reveal the beneficiaries behind a Channel Islands trust he filled with technology company shares worth up to $7 million when they were sold in a series of off-market trades.
07/31/2015
He will argue that tax breaks on super needed to be limited.
07/31/2015
FSC verifies these applications and recommends issue of the Mauritius tax residency certificate by the Mauritius revenue authorities.
07/22/2015
Australians don’t want to expose themselves to HMRC.
07/20/2015
Market participants see more private equity investment professionals setting up shop in Hong Kong following the extension of a profits tax exemption late last week.
07/20/2015
Non resident Indians residing in any of the DTAA countries can avail of tax benefits provided under DTAA by timely submission of the following documents.
07/16/2015
Prime Minister Narendra Modi had in March assured Mauritius that while working to prevent treaty abuse, India would not do anything that would harm the island nation’s financial sector.
07/15/2015
The agreement provides that income from dividends will be taxed at a maximum rate of five percent
07/14/2015
Mauritius’ former finance minister claims that his country has given up the right to tax capital gains.
07/13/2015
This follows allegations that offshore subsidiaries are being used by MNCs to shift out profits for reducing their tax bills.
07/13/2015
The automatic reporting of financial accounts is premised on the appropriate safeguard measures to ensure confidentially of information
07/12/2015
Under the agreement, banks, mutual funds, insurance, pension and stock-broking firms will report their American client details to the tax department for sharing with the USA, said a finance ministry official, who declined to be named.
07/10/2015
Armed with automatic information exchange pact with the US, government today asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to hide unaccounted assets in future.