Reuters, 27 Apr 2009, Stanley White
TOKYO, April 27 (Reuters) - Singapore will revise its laws this year to improve disclosure on foreigners evading income taxes in their home countries, the island nation's finance minister told his Japanese counterpart according to a Japanese Finance Ministry official.
Singapore agreed at the beginning of March to bring its tax laws in line with Organisation for Economic Cooperation and Development (OECD) standards after the Paris-based group put it on a "grey list" of countries that have not signed international accords to combat tax evasion.
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