Singapore replacing Switzerland as tax haven

Singapore Democrats

Singapore is fast becoming the secrecy jurisdiction that Switzerland once was. Tax evaders who once flocked to Switizerland are now choosing Singapore to park their money since the European country came under attack by the US and European governments for its role as a tax haven. Note the warnings of financial analysts towards the end of the clip. Read also Singapore’s Future As A Financial Centre Part 1, Part 2 and Part 3.   

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