05/08/2014
Australia’s answer to FATCA is here
These are replaced with like reporting and due diligence obligations to the Australian Taxation Office
Tax
05/08/2014
New Zealand Tax agreement with Viet Nam now in force
Mr McClay said that double tax agreements helped encourage growth in economic ties between countries and promote cross-border trade by preventing businesses and individuals from being taxed twice on income earned in the other country.
05/07/2014
Countries commit to automatic exchange of information in tax matters
More than 60 countries and jurisdictions have now committed to early adoption of the standard, and additional Global Forum members are expected to join this group in the coming months.
05/07/2014
Rising tax revenues: A key to economic development in emerging Asian countries
Tax revenues are currently rising as a proportion of national incomes in Indonesia and Malaysia but continue to be substantially lower than for Korea, Japan and other OECD countries.
05/06/2014
U.S., Singapore reach agreement on tax evasion: U.S. Treasury
Singapore has reached a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans
05/06/2014
Singapore to provide information on US bank deposits
Singapore said Tuesday it has agreed to give the United States information on bank deposits by American individuals and corporations to help it deter tax evasion.
05/06/2014
Pakistan Warns Banks To Register For FATCA
The SBP requested all institutions to take all necessary due diligence measures
05/05/2014
SC axe on offshore money
On May 1, the Supreme Court ordered reconstitution of the Special Investigation Team for a comprehensive probe into the infamous black money petition.
05/05/2014
Australia targets tax avoidance by multinational tech groups
Australia has begun sharing intelligence with five countries to help target tax avoidance by multinational technology companies, which it says is costing Canberra more than $1bn a year in lost revenue.
05/02/2014
Black money: India steps up pressure on Switzerland to share HSBC bank info
India has strongly objected to Switzerland’s denial of information about account details of certain Indians at HSBC’s Swiss bank branches, in whose cases “incriminating evidence of tax evasion” have been found here.
05/01/2014
Australia: Tax office hones in on luxury car cash-back incentives
Retail incentives handed out to car buyers will now be subject to controversial tax
04/30/2014
Centre discloses 26 names of account holders in Liechtenstein bank
A three-year-old judgment followed by repeated coaxing by the Supreme Court made the Centre disclose all 26 Indian account holders in LGT Bank in Liechtenstein along with details of money in their accounts, which was supplied in 2008 by Germany to India.
04/29/2014
NRIs' India MF play to get thin as US Fatca kicks in
Indians residing in America might, from July, find it tough to invest in products offered by the Indian mutual fund sector.
04/28/2014
Govt refuses to name account holders in tax haven despite SC order
The government has so far taken the plea
04/28/2014
Singaporean DTA With Barbados In Force
The DTA is intended to boost cross-border trade and investment between Singapore and Barbados by providing greater clarity on both parties' taxing rights to ensure that double taxation does not occur.
04/28/2014
Australia and U.S. sign agreement to counter tax avoidance
Australia signed a tax-information sharing agreement with the U.S. Treasury Department on Monday ahead of a new U.S. law that will crack down on offshore tax avoidance.
04/24/2014
KPMG Calls For Inclusive Australian Tax Debate
KMPG says a debate is needed
04/23/2014
Swiss team to discuss revision of dual taxation treaty: Visit likely by August-end
The Cabinet had given its approval for renegotiating Pakistan-Switzerland Avoidance of Double Taxation Agreement.
04/22/2014
AUSTRALIA: KMPG warns on tax bracket creep
KPMG noted that doing nothing about fiscal drag would exacerbate the problem
04/22/2014
KMPG warns on tax bracket creep
KPMG noted that doing nothing about fiscal drag would exacerbate the problem