Friday, 18 April, 2014

 
Published February 21, 2014
SG Budget: Tax treatment helps banks mitigate compliance costs: ABS
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Ong-Ang Ai Boon, Director, The Association of Banks in Singapore - PHOTO: SPH

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"We welcome the tax treatment of the Basel III Additional Tier 1 instruments. The tax treatment provides tax certainty for the issuance of such instruments and will help our Singapore incorporated banks to mitigate the increasing costs of complying with the new capital rules."

- Ong-Ang Ai Boon, Director, The Association of Banks in Singapore