11 May 2016
Tax and Legal Effect on Panama Papers Episode 1 & 2
I quoted an article of Singapore Business Time via online about the reaction of parliament after Panama Papers episode 2 released.
Singapore that has liberal economic systems will change and control it since they also get hurt. That is why no where a really safe place to hide the financial transactions after AEOI applied by the 2018. It is the right time for tax payers to enhance their tax compliances. Hiding the transactions and corporate restructuring will create high risk in the future.
In addition, legal aspect will follow the new policy after AEOI applied as well. All governments that have already joined AEOI will stress more on SUBSTANCE rather than FORM in considering of the financial transactions. Tax and government’s regulations will change dramatically to gather the information about high level international corporate and financial restructuring.
Best,
Agung Tjahjady SH, CPA, MM, BKP
Registered Tax Consultant, Advocate
Read Other Updates
-
Join Seminar Tax Amnesty
03 Aug 2016
-
Status of Commitments (101 Jurisdictions Have Committed)
31 Jul 2016
-
Alasan dan Keuntungan Mengikuti Tax Amnesty
20 Jul 2016
-
Important Points of Tax Amnesty
18 Jul 2016
-
Tax Amnesty Presentation
18 Jul 2016
-
Don’t Read This Article If You Have Reported Your Bank Account In The Tax Return !!
15 Jul 2016
-
Poin-poin Penting UU Pengampunan Pajak (Tax Amnesty / TA)
05 Jul 2016
-
Apa yang Harus Disiapkan Pasca Tax Amnesty?
24 Jun 2016