Minimum corporate tax rules mean Singapore is in for 'tougher competition': PM
Tax incentives - along with grants and other schemes - are major tool in EDB's arsenal for attracting investments
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Rome
SINGAPORE will be in for tougher competition when new rules on a minimum global corporate tax are implemented, said Prime Minister Lee Hsien Loong on Sunday (Oct 31).
Specifically, the decision will impact how the country attracts investments. This is because tax incentives - along with grants and other schemes - are a major tool in the Economic Development Board's arsenal.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
