Upcoming changes to the way multinational enterprises are taxed globally have deep significance for Singapore's economic and fiscal policies. They will potentially affect the city state's status as a global and regional business and investment hub, and how it raises tax revenues to pay for increasing spending needs.

The short-to-medium term outlook on this front is not very clear, and has many implications for the country's overall fiscal policies, not only for corporate income tax but also other forms of tax such as on individual income, consumption, and wealth.


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Christopher Gee is Senior Research Fellow and Head of the Governance and Economy department at the Institute of Policy Studies, National University of Singapore.

Top photo from Pixabay.