10/24/2014
Australians confess to stashing $1b in assets offshore
The Tax Office is keeping a close eye on foreign banks as part of its push to stop money being sent offshore by wealthy individuals.
Tax
10/23/2014
Swiss process on for amending tax pacts to comply global norms
This step is part of efforts to make Switzerland a "competitive and tax-compliant financial centre in line with the international standard"
10/21/2014
Hong Kong, South Africa Sign DTA
On October 16, Hong Kong and South Africa signed a comprehensive double taxation agreement the 31st such agreement that Hong Kong has concluded.
10/17/2014
Prada's honeymoon period over in China as CEO, chairperson face tax probe at home
On Sept 30 Prada announced that the company chairperson Miuccia Prada and CEO Patrizio Bertelli are both being probed by Italian authorities over tax irregularities.
10/15/2014
Top Indian tax team heads to Switzerland
India has been asking Switzerland to cooperate in these cases under obligations of the bilateral Double Taxation Avoidance Agreement
10/15/2014
Australia: Senate inquiry demands answers from low-tax companies
Companies that will be invited to explain their persistently low tax contributions, according to the report, include shopping centre company Westfield
10/15/2014
Malaysia Tax Incentives Chase Stringent Funds:
Malaysia is extending tax breaks on sukuk structures that are acceptable to Middle Eastern investors as it seeks to attract more money from the oil-rich region.
10/13/2014
INDIA: Swiss banks may delay transfer of tax evasion data
The Swiss finance ministry spokesperson recently confirmed that a meeting is expected in the coming weeks
10/12/2014
India may have to wait for automatic exchange of Swiss information
The response was to a query on whether India would also be among the countries with which Switzerland would start discussions in the initial phase.
10/09/2014
NZ’s tax system second most competitive in the world
New Zealand’s tax system second most competitive in the world
10/09/2014
Thailand: Govt vows inheritance tax 'fairness'
Pridiyathorn predicts full AEC hub benefits
10/08/2014
Filipinos facing reality of tax burden
If our tax system were different, I would have thought twice about leaving
10/07/2014
Indian, Swiss tax authorities expected to meet over controversial 'HSBC list'
New Delhi wants to exert pressure on the Alp nation following a pact between the world's key economies, G20, for sharing information on bank accounts and tax offenders.
10/06/2014
Maybank Islamic wants tax breaks on waqf, zakat
I believe programmes like zakat and waqf can add value to the agenda of equality in Malaysia
10/06/2014
Philippines: DOF fine with lower tax rates but wants more power to catch tax cheats
Our tax rates are high and yet our tax collection efficiency is low
10/06/2014
Inheritance tax worries Thailand’s ultra-rich
What will happen if the inheritance tax is revived in ways that mean Thais won’t return to “happiness”?
10/02/2014
Business leaders to face parliamentary inquiry on tax avoidance
It estimated up to $80 billion could have been forgone by the Australian Tax Office over the past decade due to the complex tax-minimisation strategies employed by the biggest 200 sharemarket-listed companies.
10/02/2014
Australia to take action against tax avoidance by companies
It found that almost a third of the biggest 200 Australian companies have been paying less than 10 per cent tax
10/01/2014
Court sides with Filipino ADB employees in BIR case
In a 31-page decision penned by Judge Carlos Valenzuela, the court declared as void a section of a BIR memo issued in 2013 that said only foreign officers and staff of the ADB are exempted from Philippine income tax.
09/30/2014
The Philippines signs the Convention on Mutual Administrative Assistance in Tax Matters
To enter into force, the Convention must now be ratified by The Philippines.