Taking action and building confidence in Singapore

By now, most of us know that President Obama’s job bill has been gunned down. On the very same day, the President’s Council of Jobs and Competitiveness, an advisory board comprised of business, labor and academic leaders, released its “Taking Action, Building Confidence” Report. The Council’s report shared a wide range of ideas aimed at [...]

Singapore–Spain Agreement for Avoidance of Double Taxation Opens Doors for Business

The Republic of Singapore and the Kingdom of Spain has officially signed an Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income which opens up doors for more foreign investments and more new Singapore company formation.

Impact of UK’s VAT hike

A high budget deficit has prompted the UK government to increase its VAT rate from 17.5% to 20%, creating a stir in the business community.

Will Japan’s corporate tax rate cut be enough to lure investors?

Japan’s Prime Minister Naoto Kan has decided to cut Japan’s corporate tax rate by 5% in the next fiscal year in an attempt to boost the economy and raise its competitiveness. Although the move will benefit the Japanese business community, it is doubtful if it is enough to boost Japan’s competitiveness in the global economic [...]

Tax breaks for foreign sovereign wealth funds in Singapore

The Singapore government has announced tax incentives for foreign sovereign wealth funds that establish a presence in Singapore.

Company convicted for abuse of tax exemption scheme for Singapore start ups

A Singapore company has been convicted of evading tax and abusing the Singapore start up tax exemption scheme.

Singapore’s corporate tax rate third-lowest in Asia-Pacific

According to a KPMG survey, Singapore is ranked as having one of the lowest corporate tax rates in Asia-Pacific, after Macau and Hong Kong.