Singapore has no capital gains tax, no estate duty, a one-tier tax system, low corporate taxes, low personal taxes, and also a low Goods and Services Tax (GST).
In spite of Singapore's low tax collection rate, and in spite of the fact that Singapore has no natural resources, the country remains one of the richest in the world. Singapore has no foreign debt, high government revenues, and a "consistently positive surplus," ("Singapore Economy: A Brief Introduction"). The reasons why Singapore is able to be so successful both domestically and within the global marketplace environment is that the economy is driven by several key factors including exports (mainly electronics and machinery, but also pharmaceuticals); financial services; tourism; and serving as "the world's largest cargo seaport," ("Singapore Economy: A Brief Introduction"). Singapore's economy is highly diversified, too, with growth deriving from health care services, casinos, media, and information technologies and communication ("Singapore Economy: A Brief Introduction"). The figure below from "Singapore Economy: A Brief Introduction" illustrates Singapore's GDP by industry.
Singaporean government and politics makes the country one of the most attractive in the world for doing business. In fact, the World Bank rates Singapore number one in the world for ease of doing business ("Why Choose Singapore?"). The Heritage Foundation's Index of Economic Freedom ranks Singapore as the second-most open economy in the world ("Singapore Economy: A Brief Introduction"). Incorporating a business in Singapore...
Singapore, Nationalism, Global City, Cosmopolitanism The focus and aim of this term paper is to analyze and explore the concept of nationalism in Singapore with the help of exploring and analyzing different steps and measures on part of government including the promotion of its National Day Parade. In order to understand this phenomenon it is important to first define the concept of nationalism. Nationalism was considered a historical concept since long and
Singapore is a small Asian state that has made tremendous progress in the last decades in economic and financial terms and is one of the most attractive countries to invest in. The government has strongly promoted an administrative model with reduced governmental involvement, liberalizing sectors and encouraging foreign investments. As a consequence, the country scores highly in all or most of the reports that analyze the ease of doing business. Singapore
Vertical Farming-Opportunities and Challenges for Singapore There has been much talk surrounding the environmental issues of food production, with many now suggesting the city is the ideal place for growing food to cater for rapidly expanding urban populations. In Singapore, small-scale examples of this are emerging, such as Changi General Hospital and the Tanjong Pagar apartment complex. This dissertation will examine the Vertical Farming movement, and look at the opportunities and
This was usually the case with the proliferation of British rule at the time; trade was the predecessor to British Colonialism. For administrative purposes, Singapore became a part of Penang and Malacca which were two other settlements in the region. By 1826 these areas were grouped together and became known as the Straits Settlement. Initially the centre of the Straits Settlement was Penang. Penang was governed by Calcutta and
Global Business Cultural Analysis: Singapore The objective of this study is to answer the questions how the major elements and dimension of culture including religion, ethics, values, attitudes, manners, customs, social structures, and organizations integrated in Singapore by local conducting business. As well, this work will answer how these elements and dimensions compare with United States culture and business. Finally, this work will examine the implications for United States businesses that
Organizational Structure Singapore Management University is one of the universities in Singapore whose development was overseen by the Higher Education Division as an autonomous university alongside three other universities namely National University of Singapore, the Nanyang Technological University, Singapore University of Technology and Design (Ministry of Education, Singapore, 2012). This university was officially incorporated in 2000 and was the first private university that was sponsored by the government. Just like
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now