CANBERRA: Singapore and Australia have agreed to automatically exchange financial data of tax residents of the two countries by September 2018 in an effort to prevent tax evasion. Offshore wealth centers Singapore, Switzerland and Hong Kong are among 101 jurisdictions committed to start exchanging information to combat tax evasion by 2018. Last year Singapore, a trading hub for the world’s largest commodity companies, came under scrutiny from the governments of some resource-producing countries such as Australia who said they suspect the companies are using units based in the city-state to avoid tax.
IMF chief hails Pakistan’s reform efforts as PM Shehbaz vows to stay the course
NEW YORK: International Monetary Fund Managing Director Kristalina Georgieva has said strong implementation of Pakistan's reform programme has helped preserve...
