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  • April 19, 2014
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Results 1 - 10 of 22 for tax haven

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  1. Business - Economy - REGULATION

    Tax evaders feel the heat in havens

    Posted Aug 24th 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Mainland and Hong Kong are under pressure to comply with FATCA to maintain competitive edge after the BVI and Caymans take steps in this direction Tax evaders feel the heat in havens Plans by well-known corporate havens such as the British Virgin Islands (BVI) and Cayman Islands to comply with a US law to fight tax evasion will have ...

  2. Business - Banking & Finance - REGULATION

    Reforms in tax havens aid sleuths

    Posted May 03rd 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Reforms aid sleuths tracking money trail to havens As opaque networks of secretive companies linking offshore havens with Hong Kong are forced to become more transparent, it will be easier to track down assets hidden in jurisdictions such as the British Virgin Islands (BVI), says William McGovern, a former official with US regulator, ...

  3. Business - Economy - REGULATION

    China to step up international co-operation in fight against tax evasion

    Posted Jan 25th 2014, 05:29am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Amid revelations about use of offshore havens, the mainland's tax commissioner plans greater international co-operation to pursue evaders China vows ... to offshore tax havens. "The OECD is making a big push towards country-by-country reporting, where local governments will have greater information sharing to look at a taxpayer's tax ...

  4. Business - China Business - REGULATION

    Tax crackdown reaping rewards in China

    Posted Dec 27th 2013, 02:27am by Toh Han Shih

    ... owned a subsidiary in Barbados, a tax haven. The Barbados subsidiary set up another subsidiary in Xi'an, the capital of Shaanxi province. The Barbados subsidiary sold shares in its ... Toh Han Shih hanshih.toh@scmp.com Successful recovery of multinationals' unpaid taxes attributed to international co-operation Tax crackdown reaping rewards on mainland Chinese tax ...

  5. Business - China Business - REGULATION

    China to chase tax evaders with own version of US foreign account law

    Posted Mar 28th 2014, 12:10am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Officials will follow US example with law targeting residents abroad Beijing to extend tax reach globally China is expected to introduce its own version of the new US tax law that requires financial institutions around the world to provide Washington with information on US taxpayers, analysts say. Such a law would make it more difficult for corrupt ...

  6. Business - Economy - REGULATION

    China drafted into global tax battle

    Posted Jul 20th 2013, 12:00am by Toh Han Shih

    ... British Virgin Islands (BVI) and Cayman Islands, Saint-Amans said. We have US$2 trillion of profits in offshore havens like Cayman Islands and Bermuda PASCAL SAINT-AMANS, OECD TAX CHIEF ... havens like Cayman Islands and Bermuda." The plan would require tax havens like Bermuda to disclose in a more transparent way the tax information of multinationals to the governments ...

  7. Business - Money - REGULATION

    Indonesia weighs tax breaks for bond investors

    Posted Feb 10th 2014, 04:31am by Bloomberg

    ... Bloomberg in Jakarta Indonesia weighs tax breaks for bond investors Indonesia is considering tax breaks for investors in the nation's corporate bonds and is also planning to make ... billion) last year, from a record 87 trillion rupiah in 2012, Nurhaida said. Indonesia currently charges 20 per cent tax on returns on company debt. "We are in talks with the taxation ...

  8. Business - China Business - REGULATION

    Telecoms VAT to hit carrier profits

    Posted Mar 06th 2014, 01:20am by BLOOM

    ... Bloomberg in Beijing New value-added tax to replace business levyof 3 per cent as part of a mainland-wide trial Telecoms VAT to hit carrier profits Premier Li Keqiang says the mainland will impose a value-added tax on telecommunications services, a move analysts say may cut earnings at the country's three major wireless carriers. The VAT would replace an existing business tax ...

  9. Business - Companies - REGULATION

    CKI records reveal it pays little tax in Hong Kong

    Posted Jan 02nd 2014, 01:41am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Li Ka-shing firm enjoys tax credits of HK$11m in the first half of 2013 as tycoon is accused of dodging taxes in Britain and Australia CKI records reveal it pays little tax in HK Hong Kong tycoon Li Ka-shing is facing claims in Britain and Australia that companies he controls are dodging taxes there, but an analysis of his Hong Kong-listed Cheung ...

  10. Business - Companies - REGULATION

    US senators praise Ireland's move to close tax loophole used by Apple

    Posted Oct 17th 2013, 12:00am by Reuters

    ... Reuters in London But Dublin's decision seen only as 'small step' in preventing Apple from using tax shelters US senators praise Irish move to close tax loophole Two senior ... in corporate tax dodging. "Ireland's promise to reform its tax rules to stop multinationals from using Irish subsidiaries to escape or defer paying taxes anywhere in the world ...




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