The Wall Street Journal, 11 Sep 2009
Singapore, a key Asian financial center attracting billions of dollars in offshore accounts, is moving fast to become more transparent and is on course to be removed by year-end from a list of countries that shield bank-account information.
"Singapore is moving fast on a twofold approach," said Pascal Saint-Amams, head of the international tax cooperation division at the Organization for Economic Cooperation and Development. The city-state is "changing its domestic legislation to put an end to any impediment in the exchange of tax information and renegotiating its double-taxation agreements."
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