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.
Hyderabad Customs ramps up anti-smuggling drive, confiscates goods worth over Rs77m
HYDERABAD: Collectorate of Customs (Enforcement), Hyderabad, has significantly intensified its anti-smuggling campaign, conducting a series of successful intelligence-based operations that...
