BS: There are concerns in some sections here that Singapore is a hub for black money. What are your thoughts on this?
greement), negotiated back in 2005. It provides for rules for tax treatment of investments in India by Singapore companies or companies based in Singapore and to make sure that these are bona fide and not just shell companies. There are also stringent LOB (limitation of benefits). So, I do not think shady money wants to come to Singapore. I think shady money will go somewhere else. Full interviewRelated:
Filipino gambling lords launder money in Singapore - Asiaone
Black money being routed through Mauritius and Singapore - White Paper on Black Money
Tax haven tag by India riles Singapore's prime minister - The Times Of India
It's wrong to cite Singapore in white paper on black money: Hsien Loong, Prime Minister, Singapore - The Economic Times
