Base Erosion and Profit Sharing (BEPS)

With developments to the Base Erosion and Profit Shifting framework, tax incentives for businesses may need to be re-evaluated.

Yes, though investments will likely become more difficult to attract and retain.

Better a global minimum tax than unilateral and fragmented digital services taxes.

So far, 130 countries - including Singapore - have endorsed BEPS 2.0, with just nine abstaining.

SINGAPORE (Feb 22): Maybank Kim Eng maintains its 2017 gross domestic product (GDP) estimates at 2.5% following the release of the Singapore Budget 2017 on Monday , noting that this year’s Budget is “more conservative than expected”.