SINGAPORE JOINS THE TOP TABLE FOR TAX TRANSPARENCY, AND PREDICTS CONTINUED FINANCIAL STABILITY
July 1st, 2013
IN signing up to the Organisation for Economic Cooperation & Development’s (OECD) multilateral agreement on tax information transparency, Singapore has moved to address a major paradox that applies to its banking, business and financial operations.Singapore scores exceptionally highly in global anti-corruption indexes - in 2012 it was ranked fifth by Transparency International out of 176 nations, behind only Denmark, Finland, New Zealand and Finland, for its lack of perceived corruption. But it has faced increasing pressure from the G20 to do more to tackle ...
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