New global tax plan adds to list of challenges for Singapore

The new tax measures may hit low-tax jurisdictions such as Singapore, where many profitable companies currently seek to pay their taxes.ST PHOTO: LIM YAOHUI

SINGAPORE - The world's richest countries have proposed laying out new international tax rules that will only add to the challenges that trade-and investment-dependent countries like Singapore face in the coming months and years.

Most economies worldwide are still struggling with an uneven and unequal recovery from the coronavirus-induced economic downturn. This means they will have to lean even more heavily on trade revenues and foreign investment.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.