Managers of Wealth Asia Pacific

RI, Singapore step up tax-compliance efforts

Indonesia and Singapore have expressed a commitment to intensify taxation-information exchanges to counter cross-border tax evasion and tax avoidance

Singapore, Indonesia to strengthen cooperation on sharing tax information

The updated agreement aims to further promote investment and trade flows

Make tax evasion serious crime for black money information: SIT chief -

India is seeking cooperation from a number of foreign jurisdictions, including Switzerland, in cases of suspected black money, but its requests have been turned down in maximum number of such instances as tax evasion is not dealt under strict criminal law

PH steps up campaign vs cross-border tax evaders

The Philippines and 14 other developing countries have started to beef up efforts aimed at plugging tax leaks across borders under the auspices of a project spearheaded by the Organization for Economic Cooperation and Development

Make tax evasion serious crime for black money info: SIT chief MB Shah

Tax evasion needs to be made a serious 'criminal offence' to force foreign countries to reveal names and account details of Indians stashing illicit wealth abroad, the Special Investigation Team on black money has said.

Indian Americans' global assets under tax lens; India may soon become a signatory to US law

It was more than a statement — the newborn would be an American citizen and enjoy the privileges that came with it.

UAE and Hong Kong sign final agreement to avoid double taxation on income

The UAE signed today the final agreement for the avoidance of double taxation on income with Hong Kong, during a meeting between businessmen and commercial banks from both parties in Dubai.

India Amplifies Compliance Norms for Wealth Tax Purposes

In a recent development, the compliance norms for wealth tax purposes in India have been amplified.

ATO set for new data and analytics strategy

The Australian Taxation Office (ATO) is set to kick off its new data and analytics program next year, with the aim of better targeting tax cheats while maximising resources by making the most of its data and collaborating with other departments.

Only half of NZ's most wealthy paying top tax rate

Some of New Zealand's wealthiest people are paying hardly any tax at all.

ATO tax amnesty nets billions, but hunt for rich with secret Swiss accounts continues

Switzerland is the top destination for Australian wealth stashed offshore, the ATO says.

Singapore, U.S. finalize agreement on tax evasion

Tuesday's agreement means that firms in Singapore can report U.S. account holder information to the local tax authority, which will send it to the IRS, saving them from dealing directly with U.S. tax authorities.

Come with proof of black money, not for fishing expedition: Switzerland to India

Switzerland's Ambassador to India Linus von Castelmur also said the past cannot be undone, while promising full support of his country in cases where at least some proof is provided on tax frauds.

Hong Kong ORSO schemes dealt FATCA threat

Hong Kong’s financial institutions have been urged to assess whether their Occupational Retirement Schemes Ordinance (ORSO) retirement schemes are required to comply with the requirements of the US Foreign Account Tax Compliance Act, which aims to p

Hong Kong Government makes good on promise to axe stamp duty on exchange traded funds

The Stamp Duty (Amendment) Bill 2014 will be introduced into the Legislative Council on 17 December 2014 (“the Bill”).

Binay's biggest campaign donors charged with tax evasion

We believe that James did not violate any laws and any independent and objective investigation will exonerate him

India must show valid proof for tax fraud probe: Swiss Envoy

The Swiss government will cooperate with India on the black money issue if Indian authorities provide valid proof of tax evasion, but will not work with evidence obtained through 'fishing expeditions'

China's tax authority to target foreigners, wealthy

China's tax authorities are taking special interest in the income of foreigners and wealthy Chinese amid a crackdown on tax avoidance in the country.

Kar Wong named EY Entrepreneur Of The Year 2014 Singapore

Dr. Kar Wong, Group Managing Director of Advanced Group of Companies, has been named the EY Entrepreneur Of The Year (EOY) 2014 Singapore at the 13th EY EOY awards gala held at The Ritz-Carlton, Millenia Singapore this evening.

Global tax war looming and US won't be backing down

The United States won't give up its right to tax multinationals, and nations will go to war soon with countries like China on taxing rights