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The US has kicked the deadline to hit FATCA regulations down the road; Burma has promised more central bank autonomy by splitting its ties with the finance ministry; the Reserve Bank of India fiddles again with FX ...
Asian-based companies are apparently lacking the wherewithal to fight corruption and India, Indonesia and China are suffering most for it in the fraud league tables.
Hong Kong is playing second fiddle to Singapore because of the overpowering influence of its business tycoons, an ACGA-CLSA study on corporate governance shows, citing Sun Hung Kai as an example.
Governments are increasingly sensitive about the impact of transfer pricing. As economies dull, tax becomes a very thorny issue. CT reports on the regulatory moves to prevent tax from leaking out