Tax System
by Shun
(Japan)
Singapore is a developed country in Asia, that has to maximize the efficiency of a city-state. The country has the world’s top level of business infrastructure. For example, transportation, communications, finance, legal system, and logistics.
Singapore's corporate tax is now 17% and was reduced by 1 percent from 2010. And the real tax rate is the lowest corporate tax rate in Asia. There is no tax on dividends substantially.
Moreover, this country has very efficient system institutions, including ease of entrepreneurship & accounting. There are no countries in Asia that provide such business infrastructure.
If I do entrepreneurship, I would like to do my business in Singapore, not in Japan…
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