US move may nudge some countries to play catch-up on corporate tax rates

Singapore

THE move by the United States to cut headline corporate tax rate to 21 per cent might trigger a review by other countries around the world as they look to stay competitive to foreign investors.

In Singapore, however, the already-low 17 per cent headline rate is unlikely to get lowered further, tax experts said. But there could be room to look at more targeted incentives or grants instead.