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Export-oriented industrialization was particularly characteristic of the development of the national economies of the developed East Asian Tigers: Hong Kong, Singapore, South Korea, and Taiwan in the post-World War II period. [1] Export-led growth is an economic strategy used by some developing countries. The strategy seeks to find a niche in ...
On 1 July 2021, 130 countries backed an OECD plan to set a global minimum corporate tax rate of 15 per cent. [ 29 ] On 8 October 2021, the EU members Republic of Ireland , Hungary , and Estonia agreed to the OECD plan under the condition that the 15% tax rate will not be raised. [ 30 ]
International Enterprise Singapore ( IE Singapore) was a statutory board under the Ministry of Trade and Industry of the Government of Singapore. It facilitated the growth of Singapore-based companies overseas and promoted international trade. On 1 April 2018, IE Singapore merged with SPRING Singapore to form Enterprise Singapore.
Enterprise Singapore was formed through the merger of International Enterprise Singapore (IE) and SPRING Singapore. It is an integration of IE Singapore and SPRING Singapore’s functions. [ 4 ] SPRING Singapore was responsible for helping startups and SMEs in financing, capability and management development, technology, and innovation. [ 2 ]
On 1 September 1992, the Inland Revenue Authority of Singapore (IRAS) was established by legislation as a statutory board [3] under the Ministry of Finance. With this conversion, IRAS was incorporated by the Inland Revenue Authority of Singapore Act to take over the functions previously performed by the Inland Revenue Department.
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This is an accepted version of this page This is the latest accepted revision, reviewed on 6 January 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
Location of Singapore Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a highly developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy is known as the most freest, most innovative, most competitive, most dynamic and most business-friendly in the world by various multinational ...