Singapore is one of world's 7 most infamous tax havens - report

Theweek.com, 30 Mar 2013
Singapore
Population: 5,460,302
GDP: $326.7 billion
Tax incentives: Tax rates that max out at 20 percent and no capital gains taxes, according to Reuters.
Foreign cash: Reuters reported that estimates put "the amount of German money moving to Singapore in the double-digit billions," forcing the German government to step in and negotiate more transparent banking standards.
Famous "resident": Eduardo Saverin, who caused a public outcry when he renounced his U.S. citizenship and moved to Singapore right before the company he co-founded, Facebook, went public. At the time, Saverin's shares were expected to be worth around $3.84 billion, according to Bloomberg.
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