News Formal

Commentary: Beyond move to tax MNCs more, Budget 2022 shows Singapore is still a good place to do business

  • 📰 TODAYonline
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 99%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Making businesses pay their fair share. That’s one subject that over 130 jurisdictions may have found consensus on when they inked the Base Erosion and Profit Shifting initiative (BEPS 2.0) in October last year.

Making businesses pay their fair share. That’s one subject that more than 130 jurisdictions may have found consensus on when they inked the Base Erosion and Profit Shifting initiative in October last year.

However, the effective tax rate of many businesses in Singapore could be lower than this rate through the incentives introduced by the Inland Revenue Authority of Singapore. This burgeoning digital economy is estimated to add as much as S$13.5 billion to Singapore’s gross domestic product, according to market research firm IDC.

He further announced that S$25 billion will be earmarked for Singapore’s Research, Innovation and Enterprise 2025 strategy, serving as a catalyst for similar investments in the private sector. Businesses worried about the cost of going green will be supported. Aligned with Singapore’s revised goal of becoming a net-zero emissions economy “by or around mid-century”, Mr Wong assured businesses of the support they need to make the same transition.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beyond move to tax MNCs more, Budget 2022 shows Singapore is still a good place to do businessMaking businesses pay their fair share. That’s one subject that over 130 jurisdictions may have found consensus on when they inked the Base Erosion and Profit Shifting initiative (BEPS 2.0) in October last year.
Source: TODAYonline - 🏆 1. / 99 Read more »

Beyond move to tax MNCs more, Budget 2022 shows Singapore is still a good place to do businessMaking businesses pay their fair share. That’s one subject that over 130 jurisdictions may have found consensus on when they inked the Base Erosion and Profit Shifting initiative (BEPS 2.0) in October last year.
Source: TODAYonline - 🏆 1. / 99 Read more »

Singapore Budget 2022: 5 Investment Themes to WatchCharting our way forward from the pandemic was the main thrust of this year's budget. The post Singapore Budget 2022: 5 Investment Themes to Watch appeared first on The Smart Investor.
Source: YahooSG - 🏆 3. / 71 Read more »