US push for minimum corporate tax globally may impact investment hubs
Move aimed at ending tax rate competition; analysts note that Singapore's draw for MNCs goes beyond tax perks
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Singapore
THE United States' proposed global minimum corporate tax rate would hit investment hubs around the world including Singapore, Hong Kong and Switzerland - if it comes to pass.
But broad international support for the concept - as the Organization for Economic Cooperation and Development (OECD) is trying to achieve - does not imply acceptance of the US' specific proposal of a 21 per cent rate for multinationals, said tax analysts.
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