06/12/2013
I-T raids India's bullion king
Sources said that RSBL was being probed for having transferred huge sums of money in the 2G scam as well as the IPL spot-fixing scandal.
Tax
06/09/2013
Online press firm to unveil more suspected offshore tax evaders
The KCIJ has already released a list of 18 high-profile figures out of 245 South Koreans who set up paper companies in tax havens
06/07/2013
India's struggle to stop tax evasion
3% of the country's 1.2 bn people pay income tax.
05/29/2013
FATCA rules may cause problems for Thai provident funds
These rules are specifically designed to try to catch US taxpayers who underreport their foreign income on their US tax returns. Americans are subject to US taxation on worldwide income
05/29/2013
FSS launches inspection into forex details of suspected tax evaders
The Financial Supervisory Service (FSS) has started looking into details on foreign exchange transactions by 12 suspected tax evaders
05/19/2013
India, other FTA members to share offshore leaks tax info
FTA was set up in July 2002 by the Paris—based think tank Organisation for Economic Cooperation and Development.
05/14/2013
New tax practices unlikely to put S'pore at disadvantage: analysts
There are concerns whether the changes announced on 14 May 13 will severely impede funds from coming into Singapore.
05/14/2013
OECD sees action on corporate tax avoidance
International leaders are moving closer to taking action on corporate tax avoidance
05/12/2013
Global banking major fears ‘significant’ penalty in tax evasion probe
The US tax department is investigating possible evasion of federal income taxes.
05/12/2013
G7 nations agree to tackle tax evasion
Finance ministers meeting in UK say collective action is needed to ensure firms and individuals pay the tax they owe.
05/12/2013
International tax charter published
Taxpayer rights and responsibilities aims to work as a blue print for a better tax system that can be adapted
05/04/2013
Singapore's Wealthy in Focus in Hunt for Tax Cheats
Banks in Singapore are urgently scrutinizing their account holders as an imminent deadline on stricter tax evasion measures forces them to decide whether to send some of their wealthiest clients packing.
05/01/2013
Unexplained wealth laws set to pass in Qld
Outlaw bikies with unexplained wealth will have their assets seized under new Queensland laws
04/30/2013
Tax havens pose issue for I-T dept
Mr Mukherjee’s statement assumes relevance as India, along with a host of emerging economies of the world, is working towards a streamlined tax regime
04/27/2013
Soon, US to get info on Americans' assets in India
US tax authorities may soon get access to all significant assets and accounts
04/25/2013
Axis Bank appoints KPMG for money laundering inquiry
"KPMG is conducting an external investigation into the alleged money laundering case."
04/25/2013
NTS to intensify crackdown on illegal money remittance, tax evasion
dismissed concerns that the toughened stance could end up hampering ordinary business activities of many law-abiding companies.
04/25/2013
HKMA doubles the guard against money laundering
The increase is mainly due to banks having increased their awareness of reporting suspicious transactions.
04/21/2013
OECD reports new developments in tax information exchange
The report covers three strategic initiatives
04/11/2013
Asia Pacific Banks In A Dither Over FATCA
The Asian Financial Crime Risk Executive Forum was held in Singapore and revealed the lack of readiness for the new tax regime among banks.