A New Minister in the making!!!

[kopiOuncle]

"A convergence towards higher taxes globally would be a poor outcome for the Base Erosion and Profit Shifting (BEPS) project…The BEPS project should, instead, work towards convergence on free and fair competition in taxation.”
- Senior Minister of State for Finance and Transport Josephine Teo

Speaking at the inaugural SMU-TA Centre for Excellence in Taxation conference this morning (Thu, 17 Sep), SMS Teo highlighted the sources of the current disequilibrium in tax competition and global tax cooperation, and articulated Singapore’s view on the BEPS Action Plan.

For the full speech, read: http://bit.Iy/1LzCQVP

 

[frenchbriefs]

excellence in taxation wtf?a competition to see who can tax the rich the least and hidden tax the poor the most?

 

[dr.wailing]

"A convergence towards higher taxes globally would be a poor outcome for the Base Erosion and Profit Shifting (BEPS) project…The BEPS project should, instead, work towards convergence on free and fair competition in taxation.” - Senior Minister of State for Finance and Transport Josephine Teo

Aiyoh, people all over the world are laughing at her bullshit. Natural Aristocrat Josephine Teo has company though: her contemporary who is SingTel CEO also suggested a laughable idea to charges online fees on subscribers who use WhatsApp, Line and other social media apps.

I can understand where Natural Aristocrat J. Teo's coming from: Sinkieland is a tax haven for MNCs to avoid paying taxes in the countries that do business in. MNCs operating in Australia have been paying very low taxes because they find refuge in Sinkieland. Go figure.

P.S.: https://en.wikipedia.org/wiki/Base_Erosion_and_Profit_Shifting

 

[frenchbriefs]

what is free and fair competition in taxation?

 

[dr.wailing]

what is free and fair competition in taxation?

You won't get the definition you want here. You've got to ask Natural Aristocrat J. Teo.

 

[palden]

Her neck very long. Stick out like that.

"A convergence towards higher taxes globally would be a poor outcome for the Base Erosion and Profit Shifting (BEPS) project…The BEPS project should, instead, work towards convergence on free and fair competition in taxation.”
- Senior Minister of State for Finance and Transport Josephine Teo

Speaking at the inaugural SMU-TA Centre for Excellence in Taxation conference this morning (Thu, 17 Sep), SMS Teo highlighted the sources of the current disequilibrium in tax competition and global tax cooperation, and articulated Singapore’s view on the BEPS Action Plan.

For the full speech, read: http://bit.Iy/1LzCQVP

 

[Black Swan]

Her neck very long. Stick out like that.

There must be a giraffe among her ancestors.