Singapore's MAS Considers Cutting Fund Manager Tax Rates to 10% to Boost Competitiveness

According to the Financial Times, Singapore's Monetary Authority (MAS) on July 19 consulted with investment institutions on reducing tax rates for fund managers to maintain competitiveness and retain talent. MAS is reviewing a special incentive scheme that would lower the tax rate for participating investment groups to 10%, compared to Singapore's standard corporate tax rate of 17%, allowing firms to redirect savings to portfolio managers.
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