Global tax agreement unlikely to meet 'ambitious' time frame: experts

Singapore

THE recent global agreement reached - to set a floor for tax rates and to dismantle digital services tax structures around the world - is not going to happen without much wrangling and unlikely to take place within the "extremely ambitious" time frame set by world leaders, say tax experts here.

For one, Singapore - and several other jurisdictions - will have to amend their legislation, for some of the key changes to be implemented; for another, the uncertainty around various timelines is casting doubt on how some of these measures will be effectively introduced.