Foreign Bank Accounts (and More) in the “New Switzerland”

Foreign Bank Accounts (and More) in the “New Switzerland”

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January 2, 2013

In 2005, Singapore began adopting laws patterned after Switzerland’s. Laws that tightened its bank secrecy. But unlike land-locked Switzerland, Singapore sits at the center of Asia’s booming demand for raw materials, close to many key physical markets. It also beats Switzerland on taxes. Official corporate tax rates in Singapore have fallen by 3% to 17% over the past five years...