Vivian Balakrishnan remarks that Malaysia-, -Singapore water deal is "morally wrong" 
Mar 3 2019, 04:34 AM
QUOTE(Artus @ Mar 3 2019, 03:48 AM)
Haha. You are indeed quite ignorant about them. On the surface it looks like their corporate tax rates are not much lower than us. But multinational companies get special deals with them if offshore profits are transferred to Singapore instead. How low? Less than 1% also possible.
We have quite a few tax goodies too e.g MSC status, labuanOne of my previous comps also set up biz in msia to fully exploit this, once the term expired, they just scale down and got rid major chunk of the employees over here and shift back to Singapore.
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