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Is Singapore losing its investment shine?

Recent revisions to a double tax avoidance agreement between India and Singapore have left investors in the Republic disappointed.

Skyline of Mumbai. The new tax treaty has Singapore on a par with Mauritius and, in certain scenarios, worse than Mauritius, even though the Republic is a larger trading partner.

ON Dec 30, 2016, just when the world was getting into a celebratory mood to usher in the New Year, India and Singapore announced the signing of a new Protocol amending the existing Double Tax Avoidance Agreement (DTAA) between the two countries.

In the recent past, India has been actively...

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