” The mention of tax havens conjures up images of secret bank accounts hidden in the Alps and “shell companies” in sunny exotic islands. Most people would readily point to Switzerland, well-known for its banking secrecy or the Cayman Islands, where President Obama recently described an “outrageous” situation where over 12,000 businesses claim a particular [...]

The Income Tax (Amendment) (Exchange of Information) Bill 2009 was passed by Parliament on 19 October 2009.
The latest amendment to the Income Tax Act will allow Singapore to implement the internationally-agreed Standard for the Exchange of Information for tax purposes upon request, which was endorsed by Singapore in March 2009.
According to Finance Minister Tharman Shanmugaratnam, [...]

A High Court in London has granted an order allowing service of an injunction* via popular microblogging site Twitter. In what has been dubbed “Blaney’s Blarney Order”, an anonymous Tweeter posting under the same name as blogger and solicitor Donal Blaney (donalblaney.com) is accused of impersonating Mr Blaney and infringing on his copyright and [...]

On 29 September 2009, Singapore and Mexico signed a protocol amending their standing agreement for the avoidance of double taxation (“DTA”), incorporating the new internationally agreed Standard for the Exchange of Information upon request. This is the 10th agreement Singapore has signed that incorporates the Standard.
Since endorsing the new internationally agreed Standard for the Exchange [...]

LexisNexis has introduced a free legal search engine – LexisWeb, available at www.lexisweb.com. Currently in Beta form, LexisWeb allows users to search for legal resources on the Web with content validated by the LexisNexis editorial staff. Content coverage includes:
• Governmental agency information (federal, state, local)
• Informal commentary on legal issues (e.g., blogs specifically for lawyers [...]

It is known that so much money and time are spent in trying to settle disputes though litigation process. Whenever there are  disputes between two parties ( including business entities ), should the parties resort to sueing each other? Well , the parties should consider an arbitration or mediation process instead.

25 July 2008
Straits Times
English

(c) 2008 Singapore Press Holdings Limited
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KPMG survey shows losses in each case have shot past $4m on average
NEARLY one in four of Singapore’s larger companies was hit by fraud last year, with most instances committed by greed-driven male employees hankering for the high life.

Accounting firm KPMG’s Singapore Fraud Survey Report, released yesterday, [...]