Singapore and Hong Kong brace for minimum tax turbulence



From Russia’s invasion of Ukraine to surging inflation and rising social costs, the finance ministers of Hong Kong and Singapore have plenty on their minds.And if all that wasn’t enough, there is also the planned global minimum corporate tax of 15 per cent to fret about – as mentioned by both of them in recent budget speeches.The sweeping reform of international tax rules – engineered by the Organisation for Economic Co-operation and Development (OECD) and agreed by more 130 jurisdictions last…


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