Economists reckon Singapore to the "Asian Tigers" for the rapid improvement of the economy to the level of developed countries. However, such reviews are not saved Singapore from the outflow of capital due to amendments to the tax legislation. What is the reason for these changes? Singapore is not original: the desire to take a solid niche, not only among Asian economies, but also throughout the world, so the Government is inserting amendments to the legislation in order to comply with OECD standards. The amazing thing: OECD includes 34 countries, that define economic policies all over the world, including countries that are not in the OECD. Should we try to meet the standards of the organization, which changes its mind on a monthly basis? Singapore authorities apparently believe that «the game is worth the candle» Well, we’ll see, if it would lead to a rapid drop in the country's economical performance.
On the basis: http://tax-news.com/
Julia Nepomnyaschikh ( the paralegal of Moscow office of Honest & Brigh)
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