Taxes

TAX TALK

Proactive tax strategy in a shifting global landscape

As OECD rules redefine the game, Singapore’s tax and business leaders are pivoting from compliance to strategic foresight

The dragnet has involved the use of “big data” by local authorities from Beijing to Shenzhen to track down scofflaws.

China turns to big data and public shaming in hunt for tax evaders

While local authorities can to some degree pinpoint who has cash stashed abroad, they are largely in the dark about the amount

Deloitte’s recommendations aim to “contribute to a tax architecture that is outward-looking and complements Singapore’s economic strategy in the decade ahead”, says Deloitte Singapore’s Rohan Solapurkar.
SINGAPORE BUDGET 2026

Deloitte proposes tax framework adjustments, AI support in Budget 2026 wish list

It also suggests measures to support workers

A Swiss court issued the penalty, saying the 95-year-old French billionaire behind the Castel Group global drinks empire had fudged his tax returns.

Billionaire founder of wine giant appeals US$411m Swiss tax bill

PIERRE Castel, co-founder of one of the world’s largest wine traders, is appealing against an order to pay hundreds of millions in Swiss back-taxes, his lawyer said Thursday (Oct 13).

The trades in the HSBC case involved Paris traders intervening in transactions that were orchestrated from London, to avoid French taxes.

HSBC agrees to pay 300 million euros to end French tax dividend probes

The settlement recognises the bank’s cooperation and the corrective measures it took to address the historic issues

Liew Nam Soon (left), Singapore managing partner, EY, notes the importance of inclusive growth, and EY's Singapore head of tax, Amy Ang, says the city-state must ensure that its tax regime remains relevant and effective.
SINGAPORE BUDGET 2026

EY proposes AI, green transition support, tax system tweaks in Budget 2026 wish list

The firm is also calling for measures to support the green transition and the workforce

CNMC says it “strongly disagrees” with the additional tax liability, and will file an appeal.
HOT STOCK

CNMC Goldmine shares fall 1.8% on extra tax, penalty in Malaysia

After falling as much as 7.3%, the stock recovers to close S$0.02 lower

The notices are not expected to have a material adverse impact on the group’s going concern or operational viability.

CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit

The notices were raised in relation to the disallowance of management fee expenses paid by the subsidiary to the gold-mining company

US President Trump threatened retaliatory tariffs in September after the EU slapped Google with a US$3.47 billion antitrust fine.

US threatens retaliation over ‘unreasonable’ EU tech regulations

USTR said European companies could be targeted as retaliation