SINGAPORE -- Singapore's corporate tax rates remain the third-lowest in the Asia-Pacific region, according to accounting giant KPMG.The direct tax rate on company profits here is 17 percent, higher than Macau at 12 percent and Hong Kong at 16.5 percent but lower than the average of 27 percent among the 20 countries and territories surveyed by KPMG. Last year's budget cut the rate from 18 percent to 17 percent. Full Story
