Managers of Wealth Asia Pacific

Tech giants talk tough on tax avoidance

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.

IRS chases US citizens in Australia

The Internal Revenue Service (IRS) is scrutinising the tax affairs of United States citizens living in Australia with renewed intensity

Foreign investors cry foul over Indian tax surprise.

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.

Rupert Murdoch's US empire siphons $4.5b from Australian business virtually tax-free

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.

100 FIIs get tax notices for $6bn, say it’s retrospective

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.

HSBC tax evasion customers in India told to get a lawyer

HSBC customers in India suspected of tax evasion have been given 30 days to nominate a legal representative in Switzerland

‘Google tax’ could impact treaties

The federal government has previously hinted Australia will follow the ‘Diverted Profits Tax’ plan

Super poses taxing questions

The tax discussion paper makes it clear tax concessions in superannuation will be a core part of the review into the tax system.

Bitcoin A 'Threat' To Australia's Tax Collection System

A recently released discussion paper has found that Australia finds Bitcoin as becoming a threat to the country’s tax system.

Black money: Swiss banks seek fresh undertakings from Indians

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"

Banks say $11 billion tax bill is evidence they are 'paying their way'

Australian banks say they pay a significantly higher rate of corporate tax than their counterparts in the US, UK, Germany, Japan and Canada.

Govt Appoints Seven Banks To Help Customs Dept In GST Implementation

Khazali said the banks had branches nationwide for efficient GST collection.

PwC bids to claw back lost Ponzi funds

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

China to reap Alibaba windfall as tightens up on tax

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.

China: Taxation Of Indirect Sales Of Chinese Investments

China amends its tax rules on indirect transfers of Chinese investments

Hong Kong Gazettes Offshore Private Equity Tax Exemption

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

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.

Korea, US to exchange accountholder data

The NTS aims to collect 210.1 trillion won in tax revenue this year.

Switzerland moves towards greater tax transparency

Long perceived as a safe haven for unaccounted wealth, Switzerland has been facing international pressure

Australia sets out tax treatment for foreign investors

The Australian government has published the latest draft of legislation intended to offer clarity over foreign investors' taxation exemptions. The move is expected to boost growth in the local fund management industry.