Singapore
ASEAN countries can benefit from collaborating more closely on tax matters, especially in the face of rising protectionism, tax practitioners from EY have said.
They say that as multinational firms re-organise global supply chains to cope with trade barriers, more investment and manufacturing activity could find its way to Asean.
The authorities in the region should also work towards harmonising tax rules for digital businesses, to help small and medium-sized enterprises to tap opportunities...