Singapore to hike taxes on rich as it winds down COVID-19 spending
Singapore will begin implementing a long-flagged increase to its goods and services tax next year, its finance minister said in his budget speech on Friday, while also announcing a slew of tax hikes aimed at higher income groups.
Analysis: UAE corporate tax may dilute competitive edge, as Saudi Arabia steps up
The United Arab Emirates’ plans for a corporate tax risk eroding one of its main attractions as the Gulf’s premier destination for foreign firms, at a time when Saudi Arabia is opening up and pressuring multinationals to shift regional headquarters there.
130 countries back global minimum corporate tax of 15%
Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15%, they said on Thursday after two days of talks.
