PRWeb.com, 17 Mar 2009
(PRWEB) March 17, 2009 -- The Singapore government has lowered several key tax rates in response to the growing financial crisis. A key assumption behind this strategy (often illustrated through the Laffer curve) is that lower tax rates will spur entrepreneurial activity and help the country buffer the economic slowdown. Preliminary data from GuideMeSingapore.com show that the government's move may be having the desired effect with foreign entrepreneurs.
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