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The Business Times and Singapore Law Watch have published Counsel Danny Quah’s article titled “Singapore sends strong signal on tax avoidance”
Danny says that Singapore’s proposal to impose a 50 per cent surcharge on tax avoidance arrangements sends a strong signal to the local and international community that it is committed to the global fight against tax avoidance.
This step will only further promote Singapore as a favoured and favourable jurisdiction to do business, without the need to “beggar thy neighbour” by allowing taxpayers to implement unfair tax practices that may affect its trading partners.
Read more in details here.