A view of Singapore's financial district
A view of Singapore's financial district February 15, 2008. Singapore said on Friday it will keep income tax unchanged, a surprise move that leaves the top personal rate at 20 percent, and said the small city-state could not insulate itself from global inflation. Finance Minister Tharman Shanmugaratnam said that taxpayers will get an income tax rebate of 20 percent with the rebate capped at S$2,000 ($1,415).
REUTERS/Vivek Prakash (SINGAPORE)