Singapore mulls ways to remain magnet for wealthy investors after G20 corporate tax deal

Nov 5, 2021 | INVESTING

After leaders of 20 of the world’s biggest economies endorsed a global minimum tax of 15 per cent on large multinational businesses, Singapore Prime Minister Lee Hsien Loong flagged the city state’s concerns about drawing in foreign investment.Singapore would consider how to “modify” its tax incentives, Lee said in comments to reporters on the sidelines of the G20 summit in Rome.“I foresee there will be tougher competition for us. But we will take it in our stride,” he said.Singapore has a…

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