Gan Kim Yong on stepping up efforts to stay competitive amid global tax reforms
05 Jul 2021 02:07pm
Singapore has been engaging industry stakeholders to understand their needs so that it can better formulate its response to the latest G7 agreement on a global minimum corporate tax rate of 15 per cent, said Trade and Industry Minister Gan Kim Yong. Speaking in reply to an MP's questions in Parliament on Monday (Jul 5), he said Singapore will aim to minimise the compliance burden and ensure that it continues to be an attractive place for business. Mr Gan said Singapore is stepping up efforts to enhance its competitiveness and improve its business environment.