Hong Kong & Singapore financial secrecy stats worsen

Negative news for Hong Kong & Singapore which have climbed positions in a 2015 index of the world’s offshore havens compiled by the Tax Justice Network, mainly as a result of their financial secrecy.

Singapore tax system complies with latest OECD proposals

The OECD (Organisation for Economic Co-operation and Development) announced earlier this month a number of new tax proposals. Those proposals are aimed at preventing aggressive tax planning by multinationals.