Singapore Cuts Corporate Tax And Increase GST to 7%

Interesting key features from Singapore Second Finance Minister Tharman Shanmugaratnam when presenting the 2007/2008 budget:

the plans to raise the country’s goods and services tax (GST) to 7% from 5% from July 1 and cut corporate tax by 2 percentage points to 18% next year.
the GST increase will be used to redistribute wealth to address dramatic income [...]

February 15th, 2007 | Category: Corporate Tax, Indirect Tax, Singapore | Leave a comment
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