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Genuine incorporation or tax avoidance?

Some professionals have been incorporating one or more companies in an attempt to gain tax advantages.

The line between permissible tax planning and tax avoidance has been unclear.

FOR the past few years, high-earning professionals such as doctors and dentists have been in the spotlight as the Inland Revenue Authority of Singapore (IRAS) intensified its investigations to uncover tax avoidance attempts.

In 2018, two articles in The Straits Times described how some...

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