Singapore needs a more inclusive tax system: PwC report
Singapore
FOLLOWING recent global developments that aim to clamp down on base erosion and profit shifting (BEPS) practices of some multinationals, as well as the increasing emphasis on tax transparency, there is a need for Singapore to move towards a more inclusive tax system, a report says.
In a white paper titled Singapore: Sovereignty, Society, Substance, Success, PwC Singapore on Thursday called for tax reforms so the country can reposition itself for value creation to fuel the economy's growth.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Trade between Singapore and Asean was at S$295.6 billion in 2023
UK passport control hit by outage causing long waits at airports
Fed’s Kashkari says rates likely on hold for ‘extended period’
China’s Xi lands in Serbia after talking Ukraine, trade in France
Stormy Daniels details alleged sex with Trump at hush money trial
Indian vote body tells X to remove Modi party video targeting Muslims, opposition