Singapore Set to Attract More Wealth Management Business After Concluding FATCA: Rikvin

The higher transparency and greater compliance requirement of FATCA will go a long way to attract genuine investments in Singapore and boost the wealth management business, says Rikvin. SINGAPORE (PRWEB) May 09, 2014 In an attempt to clean the image of Singapore as a tax haven and to wipe out money laundering activities, Singapore has concluded an Inter-governmental agreement (IGA), Foreign Account Tax Compliance Act (FATCA) with the United States. The stringent compliance required by the act will attract genuine funds to the island nation and in-the-process boost the region’s wealth manag
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