Recent tax updates
The Inland Revenue Authority of Singapore (IRAS) has recently provided guidance on the tax treatment of items bundled with purchase or lease of PIC automation equipment and the taxation of employer provided insurance. In this bulletin, we provide a summary of these changes and how they may impact taxpayers.
Tax Policy Bulletin - March 2013
OECD paper on aggressive tax planning based on after-tax hedging
The Organisation for Economic Co-operation and Development (OECD) has just released a paper entitled “Aggressive Tax Planning based on After-Tax Hedging”. The purpose of the OECD paper is to describe the features of what it describes as aggressive tax planning schemes based on after-tax hedging as well as the strategies used by countries to detect and respond to these schemes. The OECD paper also highlights a number of challenges from a compliance and policy perspective.