Too early to say how it will affect the island-republic.
SINGAPORE: It is too early to say how the global corporate tax rule changes proposed by the Group of Seven (G-7) will impact Singapore, but the republic’s overall competitiveness has never been based on taxation alone, finance minister Lawrence Wong said.
In a Facebook post, Wong also said that Singapore will change its corporate tax system after a global consensus is reached on the new international rules. Any tax changes would be in close consultation with businesses and tax professionals here, he added.
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