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flag Singapore enacts tax bill to boost competitiveness with global standards, including a 15% minimum tax for big firms.

flag On November 6, 2025, Singapore introduced the Finance (Income Taxes) Bill, aiming to boost economic competitiveness by aligning with global tax standards, including a 15% minimum effective tax rate for large multinationals. flag The bill includes corporate and individual tax rebates, stock market incentives, and measures to enhance fiscal clarity. flag MPs debated its impact, with concerns over revenue losses and calls for more progressive tax adjustments, while also addressing broader issues like AI-driven power grid strain and the future of the 38 Oxley Road site.

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