In this video, filmed on the back of the 2013 IMFC and World Bank Spring Meeting in Washington, Mr. Tharman Shanmugaratnam, IMFC Chair and Singapore’s Deputy Prime Minister and Minister for Finance, stressed on the need for a stronger focus on jobs for long term recovery and to bring back private investor confidence.
Although many transactions are legal and having cash in tax havens are not illegal, hiding income from tax reliefs is an offence. This CNN mini video report discusses some preferred offshore banks as being placed in the Cook and Virgin Islands as well as Singapore.
In this mini report by CNN Money, Gary Duboff, Managing Director of CBiz MHM shared some tax savings tips for US citizens. Like the US, Singapore offers tax reliefs for businesses and households, says Singapore tax specialist Rikvin. More information may be found in our Singapore Taxation section.
Budget 2013 Speech – “A Better Singapore Ahead: Quality Growth. An inclusive Society.”
Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam has delivered the Singapore Budget Statement for the Financial Year 2013 on 25 February. During the announcement, he defined quality growth for Singapore as inextricably linked to inclusive growth.