Singapore Offers Tax Deductions for Angle Investors

Categories: Taxation in Singapore

The Government of Singapore has announced its latest initiative to draw potential invest to national small businesses and start-up firms. On June 28th SPRING Singapore, a national enterprise development agency, revealed details of the long-awaited Angel Investors Tax Deduction Scheme (AITD), which was first announced in the national 2010 Budget. The new scheme offers angel [...]

The Government of Singapore has announced its latest initiative to draw potential invest to national small businesses and start-up firms. On June 28th SPRING Singapore, a national enterprise development agency, revealed details of the long-awaited Angel Investors Tax Deduction Scheme (AITD), which was first announced in the national 2010 Budget. The new scheme offers angel investors the opportunity to offset 50 percent of their cash investment against their personal taxable income. The program is especially aimed at increasing investment into start-up firms in ... Read More

Asian Economies Warned of Capital Spikes

Categories: Taxation in China, Taxation in Hong Kong, Taxation in India, Taxation in Philippines, Taxation in Singapore, Taxation in South Korea, Taxation in Thailand, Taxation in Vietnam

Governments of emerging Asian economies have been warned to be ready for sudden increases in investment capital inflows, and prepare appropriate policy responses. On May 18th the Asian Development Bank (ADB) released its annual Asian Capital Markets Monitor report, which investigates the performance and outlooks for the equity, bond and currency markets in emerging economies. [...]

Governments of emerging Asian economies have been warned to be ready for sudden increases in investment capital inflows, and prepare appropriate policy responses. On May 18th the Asian Development Bank (ADB) released its annual Asian Capital Markets Monitor report, which investigates the performance and outlooks for the equity, bond and currency markets in emerging economies. According to the report, several factors have cumulatively increased the risk of Asian economies facing sudden high levels of investment capitals, leading potential destabilization of currency and financial ... Read More

IMF Identifies ASEAN Economic Challenges

Categories: International Tax Cooperation, Taxation in China, Taxation in Singapore, Taxation in Thailand, Taxation in Vietnam

In a recent speech given by the Deputy Managing Director of the International Monetary Fund (IMF) to the Finance Ministers of the Association of Southeast Asian Nations (ASEAN), the key economic and fiscal issues, that the IMF perceives as currently facing ASEAN nations, were revealed. On April 26th the IMF published a previously unreleased transcript [...]

In a recent speech given by the Deputy Managing Director of the International Monetary Fund (IMF) to the Finance Ministers of the Association of Southeast Asian Nations (ASEAN), the key economic and fiscal issues, that the IMF perceives as currently facing ASEAN nations, were revealed. On April 26th the IMF published a previously unreleased transcript of a speech given by Naoyuki Shinohara, Deputy Managing Director of the IMF, at the 14th ASEAN Finance Ministers’ Meeting, held on April 8th 2010 in Nha Trang, ... Read More

Singapore Keeping Taxes Competitve

Categories: Taxation in Singapore

Lim Hwee Hua, Second Finance Minister of Singapore, delivered a speech reassuring national MPs that the Government is taking adequate measures to maintain a competitive and fair tax system. The speech delivered to the Singapore Ministry of Finance’s Committee of Supply Debate 2010 on March 9th, was intended to address the issues raised by members [...]

Lim Hwee Hua, Second Finance Minister of Singapore, delivered a speech reassuring national MPs that the Government is taking adequate measures to maintain a competitive and fair tax system. The speech delivered to the Singapore Ministry of Finance’s Committee of Supply Debate 2010 on March 9th, was intended to address the issues raised by members of the Committee on situations faced by Singapore and its Government. Among other topics, the speech sought to quell the concerns of several Members of Parliament (MPs) regarding ... Read More