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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market

Singapore: New tax incentive to attract sovereign wealth funds

Posted on 19 October 2010

From Todayonline.com: Parliament yesterday passed a Bill to amend the Income Tax Act which includes introducing a new tax incentive for sovereign funds. The Ministry of Finance said this is to attract sovereign wealth funds to Singapore and help make the cluster of sovereign funds as a niche class.
Under the incentive, income from sovereign funds and their investment offices will enjoy tax exemption for five years from April 1 this year, said Finance Minister Tharman Shanmugaratnam……………………………………….Full Article: Source


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