The Singapore government intervened to stop a proposed deal between Income Insurance and German-based insurance giant Allianz, with three Cabinet ministers explaining the rationale.
Singapore eyes 15% top-up tax on MNEs to prevent foreign tax losses
The MTT will apply to Singapore-based large multinational enterprises (MNEs) that hold entities in lower-tax foreign jurisdictions. These companies must pay a top-up tax if their entities have an ...
$43M deepfake crypto romance scam leads to arrests of Hong Kong university graduates
Hong Kong authorities have identified a fraud syndicate that used deepfake technology to run a $43 million cryptocurrency romance scam. The operation resulted in the arrest of 27 individuals, ...
India less export-oriented, would be relatively unaffected by potential US tariff hikes: Fitch
Fitch said higher trade barriers in the wake of the US elections could pose additional challenges for issuers across multiple credit sectors in Asia-Pacific (APAC).
Minimum 15% tax on multinational enterprises will sustain Singapore’s edge: Indranee
CHANGES to Singapore’s tax regime will help to sustain the Republic’s economic competitiveness and provide better support to companies and individuals, while ensuring it stays aligned with ...
Indranee Rajah on Bills to sustain Singapore’s economic competitiveness
Bill and Multinational Enterprise (Minimum Tax) Bill will sustain Singapore’s economic competitiveness and provide better support to businesses and individuals, said Second Minister for Finance ...
Is Bitcoin still the best crypto bet vs. the “Wild West” of altcoins?
With altcoins likened to more speculative bets, investors face tough choices in a rapidly evolving crypto world.
Singapore’s Economy Grows 4.1% in Q3: A Positive Outlook Amid Global Challenges
Singapores Economic Growth Surpasses Expectations in Q3 2024 Singapores economy demonstrated impressive resilience, growing by 4.1% year-on-year in the third quarter of 2024, according to preliminary ...
Changes to tax regime will sustain Singapore’s competitiveness; provide more support to companies, individuals: Indranee
CHANGES to Singapore’s tax regime will help to sustain the Republic’s economic competitiveness and provide better support to companies and individuals, while ensuring it stays aligned with ...
Tech helps Singapore economy top Q3 forecasts
Singapore's economy grew more than expected in the third quarter as a rush for all things linked to artificial intelligence drove up demand for computer chips, according to preliminary data on Monday.
Louis Chua on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill
In Singapore, corporate income tax is by far the single largest contributor to the Government’s budget. So, any policy changes in this area are going to have the most significant impact to the country ...
Don Wee on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill
Bill is a crucial step in aligning Singapore with global efforts to ensure fair and transparent taxation of multinational enterprises (MNEs), by ensuring tha ...
Income Derived By Foreign Entity For Rendering Technical Assessment Services Doesn’t Constitute FTS: Delhi ITAT
The Delhi ITAT held that income derived by foreign entity for rendering technical assessment services will not constitute as Fees for Technical Services (FTS) under Article 12(4)(b) of ...
India less export-oriented, will be relatively unaffected by potential US tariff hikes: Fitch
India, which is less export-oriented than many other Asian economies, would be relatively unaffected in case the US levies higher tariffs on imports, Fitch Ratings said on Monday. Fitch said higher ...
Jamus Lim on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill
Bill will align Singapore’s tax regime with international tax developments arising from the BEPS 2.0 initiative. On concerns that subscribing to a corporate minimum tax will erode a cornerstone of Sin ...
Top Tech News: Singapore’s Economy Expands by 4.1% in Q3 2024; London Crypto Trader Pleads Not Guilty to Illegal Crypto ATM Business Charges
Good morning, tech fam; here are some quick tech updates for you to catch on to! What’s New Today: Singapore’s Economy Expands by 4.1% in Q3 2024Fast-Track Insi ...