Mitigating risks that will emerge from OECD's global tax plan

Enterprises that own intellectual property across Asia need to be mindful of tax risks in any restructuring exercise. ST PHOTO: LIM YAOHUI
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SINGAPORE - Unprecedented worldwide stimulus support in 2020 has dramatically inflated public debt and governments are now determining how to pay this down by adjusting their tax collection regimes.

An Aon study this year noted that among tax-related anxieties, the greatest concerns identified include increased rates (34 per cent) and a proliferation of anti-abuse rules (26 per cent).

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