Genuine incorporation or tax avoidance?

• Main Authors: LIU Hern Kuan, OOI, Vincent
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: Tax Law; Taxation; Tax Avoidance; Business Organizations Law; Tax Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/3134; https://ink.library.smu.edu.sg/context/sol_research/article/5092/viewcontent/O037._Genuine_Incorporation_or_Tax_Avoidance.pdf
• Institution: Singapore Management University

In 2018, two articles in The Straits Times described how some professionals were incorporating one or more companies in an attempt to gain tax advantages. The issue was the difference between the highest personal income tax rate of 22 per cent and the corporate tax rate of 17 per cent, which provide...