Since the US anti-tax evasion law only covers the sharing of information on certain financial instruments, China's agreement to comply may prompt mainland investors to seek assets outside the rules' scope, say observers.
China plans pension unification, India cuts FII commercial paper quota, Singapore eyes stock market reform, OECD sets global tax standard and AIFMD engagement seen as surprisingly' low.
Multinational fund houses with operations in Asia are being urged to pay attention to new proposals by OECD members to clamp down on tax loopholes over the next two years.
The high-growth, low-debt headlines for Asian countries can’t sustain the coming strains on inadequate pension systems.
A joint OECD/World Bank report shows that the regionÆs pension systems are not equipped to meet demand over the next two decades and are in urgent need of modernising.