You are here: Home >> taxes

taxes

Survey reports that Singapore taxes are one of the lowest compared to other countries 241110

by Carolyn Zheng on Nov 24, 2010

Singapore taxes support economic growth and that is by design. Whereas some countries use taxes merely as a way to collect revenue for government operations, Singapore has chosen to use taxes as a business incentive tool. The country has been so successful at managing its use of tax funds and attracting new business that taxes did not have to be raised during the recent economic crisis. Singapore boasts a large foreign reserves fund and its economic boom is testament to its successful management of money.

Contrast Singapore with the European Union or the United States. Around the world, countries are dealing with growing budget deficits requiring high rates of borrowing. This is forcing many countries to implement austerity measures coupled with higher taxes to bring deficits down. Because Singapore taxes have not only been kept low, but have been declining, business growth was promoted. There is no need for austerity measures in Singapore.

KPMG is a global...Read More >>



Find answers for taxes

Did this solve your question? If not, then read following articles, answers and questions or ask a new question.

<<Previous 1 2 3 4 5 6 7 ... 13 19 25 31 32 Next>>

Recommended Reading

Buy Property in Spain Keeping the Taxes in Mind

by Ownerdirectspain

While thinking of buying a property in Spain , it is necessary for you to consider the taxes that will be payable when the Spanish property is registered against your name. The housing rates and local taxes are applicable on the buyer. The home owners have to pay taxes every year. The housing tax rates are largely dependent on the price of the house and the location it is in. While you are still in the process of buying a house you should know the taxes that are applicable.

Re-sale purchase tax is the tax applicable on sellers selling their property. They are supposed to pay...

Read More >>

Hot Topics People Are Chatting

My Questions & Articles

Find latest questions, answers and articles.

Questions I Ask

Questions I Follow

Articles I Share

Do you like it? Share with friends!

Don't forget to follow us!

If you like our tutorials and answers, please give us a +1!