Singapore is not a tax haven even as the Government cuts the corporate tax rate to 17 per cent this year.
From the Straits Times:
Singapore is not a tax haven even as the Government cuts the corporate tax rate to 17 per cent this year.
The Republic has low but not no tax; strong rule of law; companies with substantive business activities, and it is now considering adopting an internationally-recognised standard for the exchange of tax information, said Senior Minister of State for Finance and Transport Lim Hwee Hua in Parliament on Tuesday.
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She was responding to a question from MP Inderjit Singh (Ang Mo Kio GRC) that lowering the corporate tax rate would increase the perception of Singapore as a tax haven.
To read the full article, visit the Straits Times
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