May 3, 2016

Tobacco tax hike to add billions to Australia's coffers

Smokers in Australia could pay approximately $40 Australian dollars ($30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday. The cost of cigarettes will rise 12.5 percent every year, starting from 2017, with a packet currently costing around AU$25, according ...

Apr 27, 2016

OECD schedules talks in Kyoto on global tax avoidance

The Organisation for Economic Co-operation and Development will hold a meeting in Kyoto in late June to address tax avoidance, government officials said Wednesday. The meeting will come on the heels of the so-called Panama Papers scandal, which cast a spotlight on tax avoidance ...

Apr 20, 2016

China suspends G-20 anti-corruption task force, members say

China suspended an international anti-corruption task force after taking over the presidency of the Group of 20 earlier this year, according to six individuals in the group, who called it a setback to efforts to crack down on shell companies used to conceal assets. ...

Panama Papers reveal Hong Kong's murky financial underbelly

Apr 15, 2016

Panama Papers reveal Hong Kong's murky financial underbelly

Jasmine Li was still a student when she opened her first offshore bank account through Mossack Fonseca Hong Kong, but the shady world she entered that day had been part of the city’s underbelly for decades. The granddaughter of China’s then fourth-ranked politician was ...