BEPS 2.0 unlikely to hurt competitiveness, may net Singapore gains in tax revenue
Nation seen losing revenue under Pillar 1, which targets large MNEs, but benefiting from Pillar 2's global minimum effective tax rate impact
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Singapore
THE attractiveness of Singapore as a business hub is unlikely to be eroded by a global move to introduce a standardised minimum corporate tax rate, and the Republic could potentially make a net gain from higher tax revenues, watchers told The Business Times.
Singapore is one of the 137 countries and jurisdictions that late last year signed a landmark tax deal led by the Organisation for Economic Co-operation and Development (OECD) to create a fairer system of paying tax.
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