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Indonesia

Indonesia grants taxman new powers in emergency action

Asia | 17 May 17

Indonesia grants taxman new powers in emergency action

The president of Indonesia has signed emergency regulation giving the tax authority access to account information held by financial institutions months after $333bn in assets was disclosed under the country’s hugely successful amnesty programme.

Indonesia hauls in a surprise $330bn from tax amnesty

Asia | 21 Mar 17

Indonesia hauls in a surprise $330bn from tax amnesty

Indonesia has raised more than $330bn (£265bn, €381bn) from at least 745,000 taxpayers as its tax amnesty approaches next week’s closing date of 31 March.

EM countries target offshore wealth with tax amnesties

Emerging Markets | 2 Feb 17

EM countries target offshore wealth with tax amnesties

Bond holders look set to benefit from the tax amnesties offered by some emerging market countries that have realised that substantial wealth resides outside their borders which has never been declared for tax purposes, says Jan Dehn, head of research at Ashmore.

Asia

Asia | 23 Nov 16

Fiscal policy could drive Asian equities in 2017 – BlackRock’s Swan

A transition from monetary to fiscal policy, progress on reforms in the region and low valuations make Asian equities attractive in 2017, said Andrew Swan, head of Asian equities at Blackrock in Hong Kong.

Brazil nets $15.7bn in tax amnesty

Best Practice | 2 Nov 16

Brazil nets $15.7bn in tax amnesty

More than 25,000 individuals and 103 companies voluntarily declared offshore assets worth more than BRL169.9bn via a Brazilian amnesty, netting the taxman BRL50.9bn (£12.8bn, $15.7bn, €14.3bn) in taxes and penalties.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.