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SINGAPORE -(Dow Jones)- Singapore's parliament has passed a bill amending its tax laws that will allow the city-state to implement an internationally agreed standard for the exchange of information on tax matters.
Monday's approval by the parliament is a step closer for Singapore to get off the OECD, gray list of countries, which have been targeted by the U.S., France, Germany and others over concerns that their tax laws could hide tax evaders and money launderers.
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