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  • October 1, 2014
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  1. News - Hong Kong

    Hong Kong and South Korea sign tentative deal to fight tax cheats

    Posted Sep 17th 2013, 03:11pm by Audrey Yoo

    ... Audrey Yoo audrey.yoo@scmp.com Hong Kong and South Korea signed a tentative tax deal which allows Seoul to obtain information on suspected Korean tax evaders, South Korea’s finance ... agreement (CDTA) with South Korea. Under the deal, the South Korean government will have access to information held by Hong Kong’s financial agencies on Korean citizens suspected of tax evasion, ...

  2. Business - Banking & Finance - FINANCE

    Swiss-US deal lifts cloak on tax cheats

    Posted Aug 30th 2013, 12:00am by NYT

    ... on tax cheats Switzerland and the US are close to announcing an agreement that could expose Americans who have used Swiss banks to avoid paying taxes. The deal will also end a long dispute over ... of days" before the two governments issued a joint statement. A senior US Justice Department official said on condition of anonymity that banks that had helped Americans evade taxes would have ...

  3. Business - Banking & Finance

    Swiss bankers stay home amid US global tax evasion manhunt

    Posted Oct 28th 2013, 11:34am by AFP

    ... Agence France-Presse in Geneva As a US hunt for tax evaders and their accomplices gains momentum, many Swiss bankers are afraid to go abroad for fear of arrest, one business leader said. ... Switzerland, the paper reported. The long-time tax haven’s banks are believed to have accepted tens of billions of undeclared dollars from US citizens, though they now refuse such money, and several ...

  4. News - China Insider - LAW

    Cabinet adviser denies media reports amid heated debate over China's inheritance tax law

    Posted Oct 02nd 2013, 11:49am by Chris Luo

    ... Chris Luo chris.luo@scmp.com A cabinet adviser has denied claims he told media that a draft inheritance tax law would be discussed at an upcoming annual Communist Party convention amid heated public debate over its feasibility. Liu Huan, a member of the Counsellors’ Office of the State Council, said he had not given any media interviews regarding the inheritance tax law ...

  5. Business - Comment - MONITOR

    For a fairer tax system, how about scrapping the profit tax?

    Posted Aug 27th 2013, 12:00am by Tom Holland

    ... Tom Holland Hong Kong property baron may have a point in calling for switch to a dividend tax that would place burden on shareholders For a fairer tax system, how about scrapping the profit tax? The chairman of one prominent Hong Kong property company likes to argue that the city's tax on corporate profits is inefficient and unfair. He believes it should be scrapped. ...

  6. News - World

    G-8 leaders issue declaration on corporate tax evasion, say countries must close tax loopholes

    Posted Jun 18th 2013, 09:17pm by AP

    ... ENNISKILLEN, Northern Ireland (AP) — G-8 leaders issue declaration on corporate tax evasion, say countries must close tax loopholes. ...

  7. News - World - EUROPEAN UNION

    EU leaders face tough talks at tax-fraud summit

    Posted May 22nd 2013, 06:04pm by AFP

    ... Agence France-Presse in Brussels EU leaders tackle tax fraud said to cost a trillion euros a year at a summit on Wednesday in the hope that tightening up the rules will help restore faith ... financial services sectors. The one-day summit also takes place as revelations about the tax practices of some of the world’s biggest companies in their own backyard make it easy for critics to pick ...

  8. News - World - BRITAIN

    Tax havens in spotlight as nine countries sign up to international tax protocols

    Posted May 30th 2013, 12:00am by GDN

    ... The Guardian in London Pressure on British overseas territories amid push to revamp global tax frameworks Tax havens in spotlight as more data shared A wealth of information about companies and individuals registered in well-known tax havens is set to come to light now that nine more countries have signed up to international tax protocols. Luxembourg, Singapore and Austria, ...

  9. Business - Companies - ACCOUNTING

    Apple's tax practice in China subject of fierce debate

    Posted May 22nd 2013, 12:00am by BIEN PEREZ, Sophie Yu

    ... Bien Perez and Sophie Yu Technology giant's income from its App Store subject of hot discussions amid US scrutiny over claims of sheltered US$100 billion stash Apple's tax practice fuels debate on the mainland While legislators in the United States put Apple under a microscope, the company's tax strategy in China has also become the focus of a lively debate. ...

  10. News - Asia - SINGAPORE

    Singapore boosts measures against global tax cheats

    Posted May 14th 2013, 09:40pm by AFP

    ... Agence France-Presse in Singapore Singapore said on Tuesday it will implement new measures that will make it easier to share information with other countries on cross-border tax evaders trying to hide assets in the city-state. The move comes as the United States and developed countries in Europe intensify efforts to ferret out citizens who avoid paying taxes by parking ...




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