Taxation

Brothers behind automotive business jailed for tax evasion and money laundering

The police and IRAS said the company issued cash sales invoice for various services without charging GST, despite being GST-registered.

China’s tax clampdown raises fears of founder share disposals

In late July, China moved to tax offshore trusts held by its citizens.

Haidilao billionaire’s US$350 million surprise sale sinks shares

The founding family behind China’s biggest chain of hotpot restaurants sought to sell up to US$353 million (S$446 million) shares.

IRS under Trump unlawfully shared taxpayer info with immigration authorities, court rules

The IRS adopted a procedure that allowed ICE to obtain information on taxpayers if it provided a five- or nine-digit number in an address field, even if that number was not an actual ZIP code.

Woman has no claim over daughter’s home despite helping to pay more than $1m for it

The court found that the woman was lending money to her daughter and did not have any share in the house.

The risk of buying properties in someone else’s name

Sham property transactions can be detected easily because all records of the transactions have to be filed online.

Brazil's richest captured record income share despite Lula's effort to prioritize the poor

FILE PHOTO: Brazilian President Luiz Inacio Lula da Silva speaks during a reelection campaign rally at Moca Bonita Stadium in Rio de Janeiro, Brazil, August 22, 2026. REUTERS/Ricardo Moraes/File Photo

Singapore tax revenue hits record $97.3 billion, up 9.4% on stronger economy

The Inland Revenue Authority of Singapore collected $97.3 billion in tax revenue in the 2025/26 financial year.

Trump floats Hollywood tax credits for US films and television

US President Donald Trump in 2025 floated a 100 per cent tariff on foreign-produced films, but that idea met resistance from some in Hollywood.

Trump’s ‘no tax on tips’ bet falls flat in Las Vegas

Aaron Mahan (centre), a worker on the Las Vegas strip, attends a town hall meeting in Las Vegas on Aug 19. Mahan considers himself a victim of the “Trump slump”.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.