Managers of Wealth Asia Pacific

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

Asia-Pac Tax Agencies Agree Cooperation

The members shared their "knowledge and experiences on the key tax administration issues of globalization and the erosion of the tax base

China to Monitor Foreign Company Profits to Prevent Tax Evasion

China will set up a system to monitor foreign companies’ profits as it looks to eliminate cross-border tax evasion.

China to Expand Tax Breaks for High-Tech Services Outsourcing Enterprises

The proposed policies include an expansion to the category of “prioritized outsourcing services” to include the outsourcing of software and information technology, R&D, financial and governmental services, as well as the creation of an &am

Foreign trusts in IRD sights

Department aims to report to Revenue Minister Todd MClay before the end of the year.

India leading fight against black money: Jaitley

He said the U.S. was signing the FATCA agreement with countries and if India did not sign it, not just the U.S. but other countries too would impose a 30 per cent withholding tax on all remittances to India.

When is a Chinese company not Chinese?

When it’s a complex web of offshore vehicles rooted in anonymous tax havens.

Microsoft to pay $140 million in ‘tax evasion’ settlement with Chinese authorities

Microsoft is slated to pay Chinese authorities 840 million yuan (roughly $137 million) in back taxes and interest, according to a report by state-sponsored news agency Xinhua.

Korean rich should pay more tax: ADB

Korea’s redistribution of wealth through taxation is unbalanced

ATO letting big multinationals get away with it

He is one of many former officers who have voiced their concerns to Fairfax Media about the challenge of arresting the slide in tax receipts from multinational companies operating in Australia.

Shocking tax evasion in the name of a trust!

The trust was found to have US $ 24,06,604 (Rs11,73,31,988) worth unaccounted money in the LGT bank account.

Paying Taxes 2015: The global picture

he study investigates and compares tax regimes across 189 economies worldwide using a case study company, and ranks them according to the ease of paying taxes.

‘M’sian firms can invest in offshore accounts’

IT is not against Malaysian law for companies to keep funds in offshore accounts.

Macquarie Group hit by Tax Office 'U-turn'

It is unclear whether the amount the ATO tried to recoup from Macquarie was paid

Beijing’s Interest in Offshore Tax Evasion Limited to Corrupt Officials

The United States has good reasons to stay out. With the enactment of its 2010 Foreign Account Tax Compliance Act or FATCA, the United States has been pioneering the fight against tax evasion.

To bring all that black money back

India should review its double tax avoidance agreements to see if they really benefit the country

New Zealand To Get Tough With International Tax Evaders: To Work With OECD To Enforce Transparency And Compliance

New Zealand is planning to crackdown on tax evaders and combat the menace of avoidance by international firms

Black money trail goes much beyond Swiss Alps to many island nations

As India expands its probe into suspected black money stashed abroad, the trail appears to have gone much beyond the Alpine mountain ranges of Switzerland to various island nations and global financial centres like Dubai, Singapore, Luxembourg and Cyprus.