Managers of Wealth Asia Pacific

IMF Denies It Favors Wealth Tax

The International Monetary Fund issued a statement on November 05, 2013 denying that it favors a wealth tax

India Blacklists Cyprus for Not Providing Tax Data

The sanctions include a higher withholding tax on payments to, and transfer-pricing scrutiny on transactions with, Cyprus-based entities.

Bahrain Approves Bill to Avoid Double Taxation with China

The bill was approved during the cabinet's regular weekly session, in which the concerned committee presented in its report that the draft law does not conflict with the constitution nor the laws and decrees of Bahrain.

PwC advises govt to revise tax structure, regulations

The Revenue Department should revise tax laws to promote investment and seek means to preserve cash within Thailand, such as by lowering trade barriers or supporting businesses wishing to invest abroad

Caymans dispute could harm co-operation

A ruling by a Cayman Islands judge may stop the Australian Tax Office investigating assets secretly held in the tax haven

Over half of foreign corporations in S. Korea not paying taxes on profits: data

Detailed information on those corporations was not revealed

Tax and transfer pricing: Issues in Asia

Multinational banks, asset managers and insurers active across the Asia-Pacific region face particular challenges in demonstrating compliance and agreeing acceptable arrangements

The IMF Lays The Groundwork For Global Wealth Confiscation

The International Monetary Fund quietly dropped a bomb in its October Fiscal Monitor Report

Australia Defies Cayman Court Ruling

An Australian court has defied a Cayman judgment that tax information unlawfully handed over by the Cayman Islands Tax Information Authority should be returned and not used in Australian tax evasion proceedings.

Philippines woman's 'Money bath' pic catches tax man's eye amid corruption scandal

The corruption scandal prompted thousands to march in the streets in massive rallies against graft.

Tax Evasion Tops Corporate Graft Portfolio, TDRI Finds

SET listings, new govt unit urged as steps to end corruption, meet hears

Tax Officials Connived with Radia for Massive Tax Evasion: CBI to SC

Some of the Income Tax department officials helped the former corporate lobbyist in fudging some documents to evade taxes worth hundreds of crores.

G20: Charity Appeals For Tax Action

Assistance for developing countries to alleviate tax evasion remains high on the agenda for NGOs

Hong Kong Seeks Agreement With US over FATCA

The Securities and Futures Commission has confirmed Hong Kong is one of 80 countries globally currently in negotiations with the US over its controversial FATCA law.

Customs office uncovers over 1 tln won of illegal offshore foreign transactions

The Korea Customs Service launched an investigation into the outflow of wealth through illegal foreign currency transactions

Prosecutors Take Over Hyosung Tax Probe Data From Tax Authority

The Seoul prosecution on Monday obtained a local tax office's probe data on Hyosung Group for further investigation into allegations that the country's 26th largest conglomerate evaded a massive amount of taxes

Korea's State Prosecutors Launch Probe into Hyosung Group's tax evasion scheme

A Private report from Korea Ratings Corporation says top Korean conglomerates Doosan, Dongbu and Hanjin Groups may face cash shortages due to heavy debts and sluggish earnings in recent years.

Australian Govt Backs Away From Offshore Tax Reforms

The Coalition Government will not proceed with changes to the use of low-tax offshore entities by banks to reduce tax bills proposed under the former Labor government

Top Philippine lawmaker faces tax evasion probe

His father was the first sitting Philippine president to be convicted for plunder

Pakistan government decides to renegotiate with Switzerland

This decision has been taken at a time when the government is expediting its efforts to pursue money laundering cases