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
Tax
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.
05/04/2015
Australia: Tax overhaul needs to end inequities
The nation needs to talk about tax. That’s not a new proposition. Every incoming government seems to think it’s a good idea to conduct endless reviews, and the tax system is often at the top of the list.
05/04/2015
Tax the rich and save the budget $19.5b a year, The Australia Institute urges
New economic modelling by the institute, ahead of next week's federal budget, found the majority of the savings from such changes would come from high-income households.
05/04/2015
CBDT forms data security panel before FATCA deal with US
he CBDT has constituted a high- level committee to secure confidential tax data
05/03/2015
BIR to appeal decision halting rule on banks’ tax deductions
The policy of the Bureau of Internal Revenue is to bring the case all the way to the higher courts
04/30/2015
Singapore's government says it's not a tax haven, it's a value-adding hub
Singapore is not a tax haven, it's a value-adding hub
04/30/2015
US will support Guinea-Bissau in the improvement of the tax system
The minister said that this mini-conference would provide great opportunities to discuss specific development plans
04/30/2015
Govt, FIIs agree to seek fast-tracking of MAT case
The government and foreign institutional investors — which have been contesting income tax department's minimum alternate tax demand — have mutually agreed to seek fast-tracking of the dispute, which is now in the Supreme Court
04/27/2015
Dalal Street ahead: Muted Q4 earnings, worries over MAT to keep markets choppy in following week
Analysts fear that Nifty, which is close to its 200-day moving average (DMA), may slip to 8,000 if it breaches 8,250 — a crucial support zone.
04/27/2015
US tax system drives digital game playing
US Treasury, Australian officials and tax experts around the world can at least agree on the root cause, even if they are poles apart on the solution.
04/24/2015
Consultation on Automatic Exchange of Financial Account Information in Tax Matters in HK launched
On the basis of the Organisation for Economic Cooperation and Development standard promulgated in July 2014, the Government has drawn up proposals to apply the AEOI requirements to Hong Kong through legislation.
04/24/2015
Taking the Mauritius route may ease tax woes for FIIs
According to sources, while foreign investors paying capital gains tax in their home nations will not be subject to 20% MAT
04/24/2015
India seeks to calm foreign investor jitters over retrospective taxation
Senior Indian finance ministry officials have sought to calm a tax row, promising foreign investors a favourable environment
04/22/2015
Tax chief Chris Jordan disputes executives’ avoidance testimony
Mr Jordan said Apple was being specifically investigated over billions in revenue
04/20/2015
Australia reaches tax loophole crackdown deal with UK
Australia and the UK have reached a deal aimed at helping tackle profit-shifting practices by multinational companies, such as Apple, Google, and Microsoft
04/20/2015
Banks accused BIR of violating court TRO
BANKS accused the Bureau of Internal Revenue of still issuing assessment notices despite a restraining order issued by the Makati City Regional Trial Court against the implementation of its rule restricting deductions that can be made to arrive at taxabl
04/20/2015
Tax rules for expats could hurt Make in India: Experts
The tax troubles of these people over foreign assets and stock options acquired long before their India stint could hurt the Make in India campaign and make it more challenging to do business here, they feel.
04/18/2015
Taxing issues: Evasion and digital economy
Tackling tax evasion and dealing with the fast-growing digital economy were top of the agenda at a conference on taxation yesterday.