Global tax outlook: take stock to stay ahead

AS we welcome the new year, it is timely to take stock of what is on the horizon and make plans accordingly. When it comes to taxation, a study of the trends emerging in Singapore and elsewhere can reap dividends.

From the perspective of tax policy and controversy, the implementation of Base Erosion and Profit Shifting (BEPS) measures; focus on transparency and governance; and measures taken to cut fiscal deficits and spur economic growth are some of the inter-related developments that will impact most businesses going forward.

In the recent past years, many countries have seen massive and unprecedented hikes in both public and private debts. Countr…