Managers of Wealth Asia Pacific

Tax information: Cyprus accepts India’s condition

Cyprus has accepted a key condition put forward by India on effective exchange of information on tax avoiders

OECD releases first BEPS recommendations to G20 for international approach to combat tax avoidance by multinationals

At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015

Tackling tax evasion: Pakistan can seek data from Swiss banks in revised treaty

Pakistan and Switzerland have pencilled a revised Avoidance of Double Taxation treaty that will allow Islamabad to seek information for tax purposes about money deposited in Swiss banks.

India among top recipients of remittances from Cayman Islands

Cayman Islands may be widely known as a 'tax haven' and a major route for overseas investment flows, but India has surprisingly emerged as a top destination of 'worker remittances' from that British Overseas Territory.

Filipino Lawmakers Support Personal Income Tax Cut

The Philippines' Senate President, Franklin Drilon, has confirmed that two bills to reduce individual taxpayer burdens are currently being favorably considered in the Committee on Ways and Means of both the Senate and the House of Representatives.

Mauritius Further Enhances its Position as an Offshore Jurisdiction of Choice with Four Double Taxation Agreements - Appleby

The Government of the Republic of Mauritius (Government of Mauritius) has ratified double taxation agreements (DTA) with Guernsey and several African countries.

Australia back in the ring to fight transnational tax evaders

Treasurer Joe Hockey has said the Australian government will look to the G20 group of nations and the OECD to join the hunt for multinational businesses engaging in transfer pricing and other tax reduction schemes.

Hallyu star probed for offshore tax evasion

South Korea's tax agency is looking into allegations that actor-singer Jang Keun-suk, who is popular throughout Asia, evaded paying taxes on income he earned in China

Pakistan seeks Swiss legal framework to recover stashed money

Pakistan has requested Swiss authorities to place legal framework to effectively exchange details of its nationals who have parked untaxed wealth in Swiss banks

Big banks stall on global tax evasion crackdown

Australian banks are stalling on a deal that will help expose tax evaders to global authorities.

Wickenby identifies $2b in tax liabilities

is review of the tax agency’s high-wealth individuals program found that between 2011-12 and 2012-13 the super rich had clawed back more than half (52 per cent or $477 million) of the $909 million the tax office disputed.

A Swiss fantasy

Perhaps one of the worst attributes of modern Pakistani political discourse is virtually an absolute lack of a sense of proportion and a cavalier attitude towards accuracy and plausibility of numbers.

Bangladesh - BDO Appoints New Member Firm

The official launch of BDO in Bangladesh took place on 21 August 2014

Hong Kong should reform its tax structure to redistribute wealth

The same forces that drove the region's rapid growth - globalisation, new technology and market reform - are widening the gap between rich and poor.

Hong Kong signs tax information exchange agreement with Nordic nations

Norden said for constitutional reasons, the agreements have been signed on a bilateral basis

Black money: Indian agencies get Swiss banks' data of hoarders

The tax effect in these cases could be about Rs 50-80 crore, according to sources.

Blackmoney: Indian agencies get Swiss banks’ data of hoarders

The tax effect in these cases could be about Rs 50-80 crore, according to sources.

Oman-Japan pact to avoid double taxation takes effect on Sept. 1

Muscat The agreement to avoid double taxation and prevent tax evasion between Oman and Japan is to come into effect from September 1.

Hong Kong: Unclear tax rules and quotas may hinder through train

Unclear tax rules, daily quotas and restrictive settlement arrangements could derail the upcoming through train stock scheme as international institutional investors hesitate to join the initiative.

Australia: Extra $40m disclosed following ATO amnesty on income and assets overseas

A tax amnesty for Australians with income and assets overseas has added almost $40 million in income into the tax system.