Topic: Singapore as a tax haven and harmful tax practice
Responsible Group A:(A)Lawrence +Lilian -06/14
please tell us your answers and reasons for the following issues:
- describe basic corporate and personal income tax system
- introduce the tax benefits granted by Singapore government
- Does Singapore meet the requirements of tax haven?
- Do the Singaporean tax benefits constitute “harmful tax regime”?
Following are some info links(You’re not limited to these links):
- https://www.investopedia.com/ask/answers/060716/why-singapore-considered-tax-haven.asp
- https://www.todayonline.com/business/panama-papers-leak-shows-spore-link-5869-offshore-entities
- https://mnetax.com/singapore-adopts-beps-compliant-ip-tax-incentives-43117
- https://www.oecd.org/tax/beps/harmful-tax-practices-2018-progress-report-on-preferential-regimes-9789264311480-en.htm