Managers of Wealth Asia Pacific

It’s that time of year

As far as BIR Commissioner Kim Henares can remember, the one and only person who was ever found guilty of tax evasion by the courts did not spend a single day in prison.

NZ tax data to be stored in Australia

An accounting software provider has received approval from Inland Revenue (IRD) to store taxpayers' business records offshore.

Baker Tilly Hong Kong did not do audit work for Centaur Litigation

The firm named as auditor of Centaur Litigation has confirmed it never did any work for the company, which is now under investigation by Hong Kong authorities.

Bank deal with Switzerland of no use catching former tax cheats: Treasury

Treasury officials have admitted an agreement with Switzerland to open up its secret bank accounts for scrutiny is powerless in netting tax cheats who have already closed their accounts

Black money: Swiss exchanging 'lawful' info with India

With India stepping up its pursuit of alleged black money in Swiss banks, Switzerland says it is exchanging information with Indian authorities on all lawful requests

PE industry rattled by HK tax issues

A 400% jump in tax audits of alternatives managers and uncertainty over tax treatment in Hong Kong have private equity firms worried.

Apple sent billions offshore to avoid Australia tax

Apple shifted billions in untaxed profits from its Australian operations to Ireland over the past decade

Australia: Govt, Labor at odds on multinational tax

The federal government says it is working to stop global companies avoiding tax, after reports Apple is avoiding its Australian obligations.

Indiai posts officers in 7 nations to crack down on offshore tax evasion

India has recently operationalised seven new Income Tax Overseas Units (ITOUs) in countries like Germany, US and France.

US expands investigations into offshore tax evasion to India

The United States has expanded its action against tax cheaters to countries like India, Israel and Liechtenstein, a top US official told lawmakers on Wednesday.

Tax evasion to get tougher as Australia strikes deals on foreign bank accounts

The battle against offshore tax evasion is gaining momentum after Australia and the US struck a deal to combat tax-dodgers and G20 members prepared to sign off on a scheme for the automatic exchange of tax information.

Tax evasion controversy shifts east

Our message to tax criminals is loud and clear: their money is not welcome in Singapore

India, Switzerland agree on liberal terms for tax information exchange

There has been much debate on illegal offshore-accounts held by Indians

Govt continuing crackdown on wealth stashed by Indians abroad

Cracking down on alleged wealth stashed by Indians abroad, the government has initiated enquiries in several cases while information has been received in 67 such cases and prosecution for wilful tax evasion has been launched in 17 other cases.

NTS imposes W1t in taxes through probe into offshore tax evasion

A total of 1.08 trillion won was imposed as a result of its offshore tax evasion probe last year

Pakistan: A potential bombshell Tax Directory to be out today

The minister took a radical decision when he announced to release a tax directory of all the lawmakers and other citizens registered in the tax ne

India: Taxmen fail to get information on offshore money

The income tax department has not been able to make any headway in detecting the offshore investments by Indians, including 20 big names from Andhra Pradesh, in the safe havens abroad.

OECD issues new standard to combat blackmoney; India to follow

Global economic body OECD today unveiled a new "game-changing" mechanism to combat the menace of offshore tax evasion, a protocol to which India is a signatory with the purpose of tackling blackmoney.

Demystifying wealth tax: 10 things to know

In the initial stage please do remember that wealth-tax is a separate tax other than income-tax

Australian Govt Announces Start Date For Offshore Banking Reforms

Assistant Treasurer Arthur Sinodinos has now revealed a new, 2015, start date.