Incentives matter.
From Crypto Briefing, July 19:
Singapore's central bank is negotiating with investment firms as the city-state doubles down on its ambitions to become the world's premier asset management hub
Singapore wants more of the world’s money, and it is willing to negotiate on taxes to get it. The Monetary Authority of Singapore is in active discussions with investment firms about reducing the tax burden on fund managers, a move that fits neatly into the city-state’s broader campaign to pull capital away from rival financial centers.
What Singapore is actually offering
Singapore revised its flagship fund tax incentive schemes, specifically the frameworks known as Sections 13O and 13U, with updated eligibility criteria that took effect in 2025. These schemes allow qualifying funds to enjoy tax exemptions on specified income, and the revised criteria tightened the rules around which funds managed by Singapore-based entities can qualify....
....MUCH MORE
