The Multinational Enterprise (Minimum Tax) Bill will align Singapore’s tax regime with international tax developments arising from the BEPS 2.0 initiative.
The Multinational Enterprise Bill will align Singapore’s tax regime with international tax developments arising from the BEPS 2.0 initiative. On concerns that subscribing to a corporate minimum tax will erode a cornerstone of Singapore’s global competitiveness – its attractiveness to foreign capital – MP Jamus Lim said such fears are “probably misplaced”. He said the reality is that Singapore’s competitiveness is not anchored in low taxes but on many other “best in class” factors.
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