Asset managers appear resigned to the drive by governments globally to collaborate on information exchange and withholding requirements for combating tax evasion, says JP Morgan.
Tag : tax evasion
The city-state's financial regulator is consulting on plans to designate tax crimes as money laundering predicate offences, reflecting a widespread trend.
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In a letter to AsianInvestor, Jim Jatras in Washington, DC explains how Fatca is perceived in the US, and how the proposed law can be influenced.
Hong Kong financial industry associations argue that the US Internal Revenue Service should amend Fatca or risk damaging the industry in unexpected ways.
A federal court has accused Swiss bank Wegelin of using sham operations to hide funds, some incorporated in Hong Kong. The city is expected to come under increased scrutiny.
A slew of bad news overshadowed one of the stories of the summer: how regulators are making headway against tax evasion. The landscape is changing for good, writes Scorpio.
