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Friday, February 15, 2008
Singapore Abolishes Estate Duty
SINGAPORE, Feb 15 (Reuters) - Singapore said on Friday it will keep income tax unchanged, a surprise move that leaves the top personal rate at 20 percent, and said the small city-state could not insulate itself from global inflation."We will not be making any further move on personal income tax this year," Finance Minister Tharman Shanmugaratnam told parliament in the presentation of his budget for the fiscal year beginning in April 2008. Read more... posted by Charles Monat Associates at 5:19 PM
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