04/10/2015
This measure is designed to help US authorities track resident individuals and companies hiding income and assets in foreign jurisdictions. It is also aimed at curbing offshore tax evasion by American citizens.
04/08/2015
A new report from the super industry body ASFA questions whether high-income-earning superannuation members should continue to benefit from generous tax breaks
04/08/2015
Three of the world's biggest tech companies generated more than $8 billion in revenue in Australia last year, but have refused to disclose how much of that money was sent offshore.
04/07/2015
The Internal Revenue Service (IRS) is scrutinising the tax affairs of United States citizens living in Australia with renewed intensity
04/06/2015
U.S. and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains.
04/06/2015
Rupert Murdoch's media empire in the US has siphoned off $4.5 billion of cash and shares from his Australian media businesses in the past two years, virtually tax free.
04/06/2015
The number of affected investors can rise substantially as assessments are still in progress and notices could be served in many more cases, taking the overall tax demand from them to well over $10 billion, sources told a news agency.
04/02/2015
HSBC customers in India suspected of tax evasion have been given 30 days to nominate a legal representative in Switzerland
04/02/2015
The federal government has previously hinted Australia will follow the ‘Diverted Profits Tax’ plan
04/01/2015
The tax discussion paper makes it clear tax concessions in superannuation will be a core part of the review into the tax system.
03/31/2015
A recently released discussion paper has found that Australia finds Bitcoin as becoming a threat to the country’s tax system.
03/29/2015
According to sources, HSBC has been asked by Indian authorities to show cause why action should not be initiated against it in case of non-cooperation with regard to "suspected tax evaders and offenders of tax crimes"
03/27/2015
Australian banks say they pay a significantly higher rate of corporate tax than their counterparts in the US, UK, Germany, Japan and Canada.
03/25/2015
Khazali said the banks had branches nationwide for efficient GST collection.
03/23/2015
The first of three test cases for the liquidator to claw back up to $3.8 million withdrawn from David Ross's massive Ponzi scheme has gone to court
03/23/2015
The total lock-up represents roughly 18 percent of Alibaba's shares, which if sold would fetch just over $37 billion at Friday's closing price.
03/20/2015
China amends its tax rules on indirect transfers of Chinese investments
03/20/2015
Hong Kong's Government has published in its Official Gazette the Inland Revenue (Amendment) Bill 2015, which would extend the profits tax exemption for offshore funds to private equity funds
03/19/2015
Income tax department to take closer look at bank accounts, property or stocks abroad
Next time, you will think twice before opening a bank account in Jersey or buying a property in London — even if the transaction is legitimate.
03/18/2015
Korea, US to exchange accountholder data
The NTS aims to collect 210.1 trillion won in tax revenue this year.