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TR EMERITUS

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Archive for the ‘Snippets’ Category

SG to Agree With U.S. on Sharing Bank Account Data

Singapore (14 May) - Singapore is set to conclude an agreement with the U.S. that will help financial institutions based in the city-state comply with a tax rule requiring them to share information about overseas accounts held by Americans. The island’s tax authority will also no longer need a court order to obtain bank and...

Chinese are pouring money into ‘super cities’ including SG

The top five "super cities" experiencing an explosion of Chinese commercial real estate investment are, clockwise from top left, New York, Hong Kong, London, Singapore and Sydney. (CNBC, 8 May) - Chinese investors can't seem to get enough of commercial real estate abroad - having already spent $1 billion in the first...

S’pore steps up international cooperation on tax evasion

DPM and Finance Minister Tharman May 14 (Reuters) - Singapore, the world's fourth-biggest offshore financial centre, said on Tuesday it will adopt new measures to make it easier to share information on potential tax evaders with other countries, including the United States. The Southeast Asian city-state, keen to avoid the...

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