Global minimum tax
G7 agrees to exempt US multinationals from global minimum tax
The agreement is in part due to ‘recently proposed changes to the US international tax system’ included in Trump’s signature domestic policy bill
Tax incentives proposed by MAS review group not a ‘silver bullet’, say experts
They must be paired with other strategic initiatives
Singapore expands eligibility, adds higher BEPS 2.0-compliant tax rate for corporate incentive scheme
The updates to the Development and Expansion Incentive scheme come amid global corporate tax changes
After 17% surge in last fiscal year, Singapore’s tax revenue expected to rise at slower pace in FY24/25
New top-up corporate taxes will not affect revenue just yet; higher personal income taxes from top earners may also not be significant
Tax governance – a blueprint for tax health
“AN OUNCE of prevention is worth a pound of cure,” said Benjamin Franklin.
A balancing act – Singapore’s tax policy in a brave new world
BUDGET 2024 demonstrated the government’s firm focus on providing opportunities and assurance to all of Singapore, and sends a strong message of its commitment to pursuing sustainable growth, maintain...
What Budget 2024 has for you
AGAINST the stark realities of a less stable operating environment, Budget 2024 is about taking concrete steps to build a shared future together, Finance Minister Lawrence Wong said in this year’s Bud...
Global minimum tax – what’s beyond the horizon?
THE dawn of global minimum tax (also known as Pillar Two top-up tax) in 2024 may mean placing a floor on tax competition, but it does not change the fact that competition for foreign direct investment...
PwC hopes Budget 2024 will support businesses, sustainability and workers
PROFESSIONAL services firm PwC is calling for a refundable tax credit framework, a participation exemption for gains on the disposal of foreign assets, as well as sustainability and workforce related ...
KPMG, SBF call for Budget 2024 to enhance Singapore’s tax competitiveness, promote ESG
BUDGET 2024 is a chance for Singapore to reinforce its status as a hub for business, wealth management, and sustainability-linked investments, said the Singapore Business Federation (SBF) and professi...
