News

In India, Tax Evasion Is a National Sport 02 September 2011

As Rama Murthy completes the sale of his apartment in the Indian city of Hyderabad, he accepts from the buyer a bag full of rupees—part of the purchase price the tax man will never see. “Almost 40 percent of the sale price I got in hard cash,” says Murthy, 39, who works at a software company. “It’s illegal, but it’s rampant in India to avoid paying tax.”

France draws up tax blacklist, to apply sanctions 29 July 2011

PARIS, Feb 16 – France has drawn up a list of 18 countries accused of failing to cooperate on tax issues, and will slap punitive taxes on certain financial transactions involving them, an official document showed on Tuesday.

The New Labuan Acts 29 July 2011
Malaysia International Ship Registry News : Hans Advisory & Trust 29 November 2011

Tthe MISR has been established to encourage individual and foreign shipping companies to register their ships in Malaysia without having to comply with the requirement of Malaysian majority share holder. Under the ship registry, FOREIGNERS are allowed to HOLD 100 per cent equity in line with the government's effort to encourage foreign investments in the country.

Press Release on Ground Breaking New Labuan Financial Laws Passed 20 June 2011

LABUAN - New laws which will dramatically improve Labuan’s already competitive edge in international financial markets came into effect on 11 February 2010.

Press Release on Flexibility for Labuan Banks and Investment Banks to Co-Locate Outside Labuan 20 June 2011

The Labuan Offshore Financial Services Authority (LOFSA) is pleased to announce that Labuan banks and Labuan investment banks have recently been accorded the added flexibility to establish their office or offices in other parts of Malaysia other than its office in Labuan with immediate effect.

Press Release on Co-Location of Labuan Holding Companies Can Now Be Located In Kuala Lumpur 20 June 2011

Kuala Lumpur – The Labuan Offshore Financial Services Authority (LOFSA) today issued the Guideline on Co-Location of Labuan Holding Company, which will allow Labuan holding companies to establish their operational and management office in Kuala Lumpur.

Four more countries commit to OECD tax standards 08 August 2011

07/04/2009 - The OECD welcomes recent commitments to the internationally agreed tax standard on exchange of information made by Costa Rica, Malaysia, Philippines and Uruguay.