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Asia

China’s Rich Hit By Income Tax Reforms

China’s Rich Hit By Income Tax Reforms
China’s income tax reforms, which came into effect on 1 January, offers some relief for the country’s low and middle-income earners, but takes a tough stance on foreign workers and high-income groups.China’s individual income tax reforms, which came into ...

Ghosn used tax haven to disguise Nissan home purchases

Ghosn used tax haven to disguise Nissan home purchases
TOKYO -- Arrested Nissan Motor Chairman Carlos Ghosn was heavily involved in the choice of two luxury homes bought with company cash via units in a British Virgin Islands tax haven for his personal use, including negotiating the price, sources told ...

Top Philippines news site and company chief face tax evasion charges

Top Philippines news site and company chief face tax evasion charges
A move by the Philippines Justice Department to charge investigative news site Rappler with tax evasion is being seen as a thinly disguised attempt to stifle press freedom in the Southeast Asian country.On Friday, the Justice Department said it had ...

Japan lands trove of offshore asset data to fight tax evasion

Japan lands trove of offshore asset data to fight tax evasion
Half a million overseas accounts identified through reporting program.TOKYO -- Japan's National Tax Agency said Wednesday that it has obtained information on about 550,000 accounts that residents of Japan hold overseas, data expected to be a powerful...

China Threatens Overseas Tax Havens, Will Investors Flock to Crypto?

China Threatens Overseas Tax Havens, Will Investors Flock to Crypto?
Since early 2018, the government of China has tightened policies targeting millionaire investors in the country holding their wealth overseas to avoid large taxes, and it may lead local investors to alternative assets like crypto. Chinese investors rely on ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA