05/24/2015
Indonesia to Call Time on Tax-Free Debt for Riskiest Borrowers
Companies the world over have used interest payments to shrink their tax bills for decades
Tax
05/22/2015
Tax relief may widen for individuals, firms
The government plans to increase the minimum threshold for tax-free income in the upcoming budget after keeping the limit unchanged for two consecutive years.
05/22/2015
Gold Monetisation Scheme: A 24-carat question, Interest Rates
Experts say that rates have to be attractive enough for citizens and institutions to take interest in the scheme.
05/20/2015
Indian tax men to sit with officials from tax havens to probe foreign stash further
Investigators have also received a new dossier on tax-related business information on about a dozen entities whose names were reported by an international group of investigative journalists sometime back
05/19/2015
Gold monetisation plan offers tax-exempt interest
Draft note says scheme to be exempt from income tax, capital gains and wealth tax
05/18/2015
Compliance revenues ‘immediately at risk’
The accounting profession is under extreme pressure from digital disruption, with tax and reporting work immediately at risk
05/18/2015
New tax checks to stretch Hong Kong bank compliance teams
As part of a push to control money laundering in the global banking system, the HKMA has called on lenders to peek into customers' filings
05/15/2015
Fight against black money: Swiss get 1,500 help requests a yr
The issue assumes significance for India, as it has been probing various cases of people having allegedly stashed illicit funds in Swiss banks.
05/15/2015
Australia Consults On 'Netflix Tax'
The Australian Treasury has launched a consultation on draft legislation
05/14/2015
Not all corporate tax avoiders will be snared by new rules
The second of the proposed changes are new laws to be included in Australia’s general anti-avoidance provision.
05/13/2015
Glencore reveals it's being audited by ATO over taxes
The Swiss-based mining giant revealed it was being investigated by the ATO in its response to questions from the Senate inquiry into corporate tax avoidance.
05/13/2015
Tax avoidance laws an ‘opportunistic grab’: expert
"I think it's going to backfire," says RSM Bird Cameron's Craig Cooper
05/12/2015
Australia to Crack Down on Corporate Tax Avoidance
On the eve of the budget, Treasurer Joe Hockey says government will target multinational firms that have shielded profits overseas
05/12/2015
China Clarifies Tax Treatment of Indirect Asset Transfers
The Chinese government has been paying close attention recently to the effects of offshore entities having ownership or control of Chinese companies or assets
05/11/2015
Treasurer Joe Hockey outlines plans for tax avoidance crackdown
Treasurer Joe Hockey has revealed details of his multinational tax avoidance crackdown and a plan to force companies selling digital products to pay the GST
05/07/2015
AMP reassures shareholders about tax
Wealth management giant AMP has told its shareholders that it's not aggressively avoiding tax
05/06/2015
Government to Study Court Stay Order on Foreign Investors MAT Levy
The Income Tax Department on Tuesday said it will study the Bombay High Court's order before taking a view on the matter
05/05/2015
Australia: Taskforce to tackle multinational tax evaders
Treasurer Joe Hockey will today unveil a new taskforce to tackle organised and serious financial crime including tax evasion
05/05/2015
Bombay court stays tax claim against Aberdeen Asset
Although the amount demanded of Aberdeen is relatively small, an official at the London-listed company had told Reuters on Monday it had gone on with the challenge because it believed the claim was unfair.
05/04/2015
Oz housing tax move eyed up in NZ
Foreigners buying houses in the Australian state of Victoria will be subject to two new taxes as the state government tries to cool the rising property market.