03/01/2015
Surcharge of 2% on super-rich replaces wealth tax
Surcharge will yield Rs 9,000 crore to the exchequer
Tax
03/01/2015
Australian Tax Office wrongly rebates $14 million
Slow off the mark: The Australian Tax Office wrongly assessed 24.700 taxpayers.
02/27/2015
Global PE firms facing China tax clampdown
Offshore private equity groups holding Chinese assets face tougher tax obligations under new rules.
02/26/2015
Perpetual boss Geoff Lloyd pans super tax on rich
PERPETUAL chief Geoff Lloyd has rubbished a proposal to increase the superannuation contributions tax for the rich as a “distraction to the main game”, and issued a call for certainty, adding heat to the simmering debate inspired by the govern
02/24/2015
Indonesia’s new tax law is bad news for Singapore
Indonesian president Joko Widodo isn’t going to be very popular in Singapore.
02/24/2015
China tightens tax rules for foreign groups
China has tightened its rules governing the sale of domestic assets by foreign entities in a twopronged assault on tax avoidance and the overheating property market.
02/24/2015
Singapore increases top income tax rate in bid to address widening wealth gap
Singapore took another step toward Western welfare systems and further from low-tax models like Hong Kong
02/23/2015
India Supports to probe Wealth Stashed abroad during MR’s regime
Indian media sources stated that the India will extend their continuous cooperation regarding the probe on the plundering of national wealth to foreign countries during the previous regime.
02/23/2015
Using India’s Double Tax Agreements
India has taken a positive view when it comes to entering into Double Tax Agreements with other nations – it now has over 90 such treaties, many of them recent.
02/20/2015
China's Tax Administration Issues New Rules Governing Taxation of Offshore Indirect Transfers
Below is a brief summary and discussion of the application of Announcement 7, which applies to indirect transfers of PRC entities or properties by offshore investors.
02/20/2015
Singapore, France sign pact for Avoidance of Double Taxation
Singapore and France signed an amended Agreement for the Avoidance of Double Taxation to lower withholding tax rates for dividends and new anti-abuse provisions.
02/19/2015
EY's Aaron Quintal says New Zealanders must understand the OECD's BEPS initiative will see our companies paying more tax overseas
It is certainly not guaranteed that New Zealand would be better-off overall if the boundaries were changed.
02/16/2015
Automatic information exchange with India latest by 2018: Swiss government
More than 40 jurisdictions had agreed to become ‘early adopters’ of this exchange mechanism prepared by the OECD
02/15/2015
No right time to remove tax breaks for Reits
Tax breaks have enabled S-Reits to be structured in a tax-efficient manner
02/12/2015
Australian tax office has not prosecuted any HSBC Swiss account holders
Tax reform advocates say absence of prosecutions raises concerns there is not a strong enough deterrent for Australians who evade paying tax
02/11/2015
New China law targets tax avoidance offshore
The law would affect investment companies, analysts said, adding it would also have a significant impact on Hong Kong, a major hub for cross-border deals involving the mainland.
02/10/2015
Got a Swiss bank account? The ATO wants to hear from you
Hundreds of wealthy Australians holding secret Swiss bank accounts are being urged to come forward - or face investigation by the tax office.
02/06/2015
Indonesia Plans Tax Amnesty to Lure Money Back From Singapore
President Joko Widodo is planning a tax amnesty in a bid to convince Indonesians to bring back funds held offshore as he seeks to narrow the current-account deficit.
02/05/2015
Tax Office rejects tax deal with Apple
Apple is also resisting pressure to have its tax information published publicly
02/05/2015
Multinationals channel more money through "hubs" in Singapore, Switzerland than ever before, Tax Office says
The data, contained in the Australian Tax Office submission to the federal inquiry into corporate tax avoidance, gives a fresh insight into how commonly multinational groups shuffle money between countries.