BEPS 2.0 unlikely to hurt competitiveness, may net Singapore gains in tax revenue

Singapore

THE attractiveness of Singapore as a business hub is unlikely to be eroded by a global move to introduce a standardised minimum corporate tax rate, and the Republic could potentially make a net gain from higher tax revenues, watchers told The Business Times.

Singapore is one of the 137 countries and jurisdictions that late last year signed a landmark tax deal led by the Organisation for Economic Co-operation and Development (OECD) to create a fairer system of paying tax.