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Singapore's tax policies among most consistent in region: survey

Published on Apr 7, 2014 7:01 PM
In the latest survey, Singapore's tax policies were also seen as having a high level of predictability and one of the least complex. -- ST FILE PHOTO: LIM SIN THAI

Singapore has scored well in a global survey of countries' consistency in their tax policies, which businesses deem a key investment consideration in the Asia Pacific.

The 2014 Deloitte Asia Pacific Tax Complexity survey, released on Monday, found that businesses looking to enter or exit a market in the region are more concerned about whether that country's tax policies are consistent, than whether they are complex or predictable.

Consistency refers to the perceived uniformity and transparency of enforcing tax laws.

This finding is a reversal of its previous study in 2010, which found that businesses then placed greater emphasis on complexity in tax policies - the perceived difficulty in interpreting a jurisdiction's tax laws - and predictability, which refers to the availability of information that enables taxpayers to foresee potential changes in tax laws.

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