singapore-qualifies-for-oecd-tax-standards

Singapore qualifies for OECD tax standards

Singapore signs an agreement with France to share tax information, allowing it to qualify for the OECD's white list of jurisdictions that have substantially tightened their rules.

Singapore has entered into an agreement for sharing tax information with France. The agreement, signed on Friday, marks Singapore's twelfth such agreement and, with this, Singapore qualifies for the Organisation for Economic Co-operation and Development's OECD white list of jurisdictions that have substantially implemented an internationally agreed standard with respect to information exchange on tax.

Singapore has signed similar agreements with Belgium, New Zealand, the United Kingdom, Denmark, the Netherlands, Australia, Austria, Norway, Qatar, Mexico and Bahrain. The agreements allow for the exchange of information, including bank account information, that countries need to enforce their domestic tax laws.

The agreement was signed by Singapore's minister for finance Tharman Shanmugaratnam and the...

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