EarthTimes, 20 Oct 2009
Singapore Law Minister K Shanmugam on Tuesday said the city-state would not allow unwarranted financial investigations in the fight against cross-border tax evasion, even after it had implemented the international standard on tax information set by the Organization for Economic Cooperation and Development (OECD). "We do not see ourselves as a haven for laundered money," the minister told a conference. "We play an active role in the global fight against financial crimes."
However, implementing the OECD standard and signing bilateral tax agreements incorporating the rules would not mean that Singapore would approve fishing expeditions in the search for tax evaders, he said.
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