Singapore has neither inheritance nor capital gains taxes. This - TopicsExpress

Singapore has neither inheritance nor capital gains taxes. This means that someone who manages to evade taxes by moving his or her German inheritance to Singapore will not necessarily be penalized. The Singaporeans defend their system, always tenaciously and often from behind a charming smile. Take, for example, Yah Fang Chiam, who is responsible for tax policy in the Singapore Ministry of Finance. “We are not a tax shelter,” she says. “We have competitive tax rates, because we promote entrepreneurship and want to attract companies to invest here and continue to develop our economy.”

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