New global tax rules should not weaken incentives for businesses -Singapore
Reuters2021-06-08
SINGAPORE, June 8 (Reuters) - New international tax rules should not inadvertently weaken incentives for businesses to invest and innovate, Singapore's finance minister said on Tuesday, after the Group of Seven countries agreed to back a minimum global corporate tax rate.
"Otherwise, countries will all be worse off, fighting over our share of a shrinking revenue pie," Lawrence Wong said in a Facebook post.
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