Global minimum corporate tax unlikely to dim Singapore's allure as high-tech hub

The G-7 tax proposal may hit large overseas profits of global companies that have significant operations based out of Singapore. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Singapore has way more to offer as a hub for global tech giants and multinational corporations (MNCs) than low corporate taxes that are now subject to the biggest revamp in decades led by the world's largest economies, say business leaders and tax experts.

There are many destinations in the world that offer competitive taxes, but few that can replicate Singapore's stable political environment, trustworthy legal framework and connectivity to regional and global economies, they said.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.