Anybody ever been to Singapore?
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bornnraisedoffCMR
Members Posts: 1,073 ✭✭
Looks like a nice place, I have a homie that lives over there he loves it. But he a white dude so I was wondering if any of yall niccas been there.
Here are some specs
Current Unemployment Rate : 2.1%
Economic growth is strong
Ranked in the top in education compared to other countries
A very capitalist friendly tax code:
Singapore Tax: Key Points
1. Tax Jurisdiction - Singapore follows a territorial basis of taxation. In other words, companies and individuals are taxed mainly on Singapore sourced income. Foreign sourced income (branch profits, dividends, service income, etc.) will be taxed when it is remitted or deemed remitted into Singapore unless the income was already subjected to taxes in a jurisdiction with headline tax rates of at least 15%. Although the concept of locality of the source of income seems simple, in realty its application often can be complex and contentious. No universal rule can apply to every scenario. Whether profits arise in or are derived from Singapore depends on the nature of the profits and of the transactions which give rise to such profits.
2. Corporate Tax Rate is capped at 18%. By keeping corporate rates competitive Singapore continues to attract a good share of foreign investment. Effective 2010, corporate income tax rate will be further reduced from 18% to 17% to help maintain Singapore's competitiveness. Singapore follows a single-tier corporate tax system, where tax paid by a company on its profits is not imputed to the shareholders (i.e. dividends are tax free). For a comprehensive account of corporate taxation in Singapore, refer to Singapore Corporate Income Tax guide.
3. Individual Tax Rate start at 0% and is capped at 20% (above S$320,000) for residents and a flat rate of 15% for non-residents. As an example, if you are tax resident in Singapore and your personal income for the year was S$160,000, your income tax liability will be S$15,5000. For more details, see Singapore Personal Income Tax guide.
4. Goods and Services Tax - To increase the resilience of taxes as a source of government revenue, Goods & Services Tax (GST) was introduced in 1994. The current GST rate is 7%. The balanced mix of tax on consumption and income reduces the vulnerability of revenue intake to adverse changes in economic conditions and strengthens the resilience of Singapore's fiscal position. For more details, see Singapore Goods and Services Tax (GST) guide.
5. Withholding tax - Interest, royalties, rentals from movable properties, management and technical fees, and director's fees paid to non-residents (individuals or companies) are subject to withholding tax in Singapore. For more info, see Singapore Withholding Tax guide.
6. Tax Year - For personal taxes, the tax year is the normal calendar year i.e. January 1 - December 31. Deadline for filing personal tax return is April 15, 2009. For corporate taxes, a company is free to to decide on its financial year. Deadline for filing corporate tax return is October 31. Taxes are paid on a preceding year basis.
7. Tax on capital gains and losses - Singapore has no capital gains tax. Capital loss expenses are correspondingly not allowed as deductions.
8. Tax treaties - Singapore has concluded more than 50 bilateral comprehensive tax treaties to help Singapore companies minimize their tax burden. For more information, see Singapore Tax Treaties guide.
9. Tax deductions and allowances - Operating expenses incurred in the production of income are generally tax deductible. For more info, see Calculating Singapore Income Tax Liability guide.
10. Tax treatment of losses - Losses arising from the carrying on of a trade or profession are deductible and may be set off against income from other sources. The balance may be carried forward indefinitely subject to certain conditions. Capital losses are not deductible.
11. Group relief for losses - A company's current year's non-utilised capital allowances and losses may be transferred for tax purposes to another company in the same group.
12. Tax treatment of stock options - Stock option gains in general are taxed as employment income. However, there are various schemes available to reduce the tax burden.
13. Tax amendments - The Singapore Government believes in a progressive tax regime and suitable amendments are made to the Income Tax Act from time to time, to increase the competitiveness of Singapore's tax environment. For more info, see Singapore Tax Rates - Recent Amendments.
And from what I hear and have researched, get a job is very easy, they are very friendly and welcoming to immigrants of all nationalities, its easy to start a business, and the long term economic outlook is very good. On top of that they arent running around starting wars and and ? and they are very respectful of public property.
But the one major thing Im not feeling are their drug laws
Here are some pics:
Here are some specs
Current Unemployment Rate : 2.1%
Economic growth is strong
Ranked in the top in education compared to other countries
A very capitalist friendly tax code:
Singapore Tax: Key Points
1. Tax Jurisdiction - Singapore follows a territorial basis of taxation. In other words, companies and individuals are taxed mainly on Singapore sourced income. Foreign sourced income (branch profits, dividends, service income, etc.) will be taxed when it is remitted or deemed remitted into Singapore unless the income was already subjected to taxes in a jurisdiction with headline tax rates of at least 15%. Although the concept of locality of the source of income seems simple, in realty its application often can be complex and contentious. No universal rule can apply to every scenario. Whether profits arise in or are derived from Singapore depends on the nature of the profits and of the transactions which give rise to such profits.
2. Corporate Tax Rate is capped at 18%. By keeping corporate rates competitive Singapore continues to attract a good share of foreign investment. Effective 2010, corporate income tax rate will be further reduced from 18% to 17% to help maintain Singapore's competitiveness. Singapore follows a single-tier corporate tax system, where tax paid by a company on its profits is not imputed to the shareholders (i.e. dividends are tax free). For a comprehensive account of corporate taxation in Singapore, refer to Singapore Corporate Income Tax guide.
3. Individual Tax Rate start at 0% and is capped at 20% (above S$320,000) for residents and a flat rate of 15% for non-residents. As an example, if you are tax resident in Singapore and your personal income for the year was S$160,000, your income tax liability will be S$15,5000. For more details, see Singapore Personal Income Tax guide.
4. Goods and Services Tax - To increase the resilience of taxes as a source of government revenue, Goods & Services Tax (GST) was introduced in 1994. The current GST rate is 7%. The balanced mix of tax on consumption and income reduces the vulnerability of revenue intake to adverse changes in economic conditions and strengthens the resilience of Singapore's fiscal position. For more details, see Singapore Goods and Services Tax (GST) guide.
5. Withholding tax - Interest, royalties, rentals from movable properties, management and technical fees, and director's fees paid to non-residents (individuals or companies) are subject to withholding tax in Singapore. For more info, see Singapore Withholding Tax guide.
6. Tax Year - For personal taxes, the tax year is the normal calendar year i.e. January 1 - December 31. Deadline for filing personal tax return is April 15, 2009. For corporate taxes, a company is free to to decide on its financial year. Deadline for filing corporate tax return is October 31. Taxes are paid on a preceding year basis.
7. Tax on capital gains and losses - Singapore has no capital gains tax. Capital loss expenses are correspondingly not allowed as deductions.
8. Tax treaties - Singapore has concluded more than 50 bilateral comprehensive tax treaties to help Singapore companies minimize their tax burden. For more information, see Singapore Tax Treaties guide.
9. Tax deductions and allowances - Operating expenses incurred in the production of income are generally tax deductible. For more info, see Calculating Singapore Income Tax Liability guide.
10. Tax treatment of losses - Losses arising from the carrying on of a trade or profession are deductible and may be set off against income from other sources. The balance may be carried forward indefinitely subject to certain conditions. Capital losses are not deductible.
11. Group relief for losses - A company's current year's non-utilised capital allowances and losses may be transferred for tax purposes to another company in the same group.
12. Tax treatment of stock options - Stock option gains in general are taxed as employment income. However, there are various schemes available to reduce the tax burden.
13. Tax amendments - The Singapore Government believes in a progressive tax regime and suitable amendments are made to the Income Tax Act from time to time, to increase the competitiveness of Singapore's tax environment. For more info, see Singapore Tax Rates - Recent Amendments.
And from what I hear and have researched, get a job is very easy, they are very friendly and welcoming to immigrants of all nationalities, its easy to start a business, and the long term economic outlook is very good. On top of that they arent running around starting wars and and ? and they are very respectful of public property.
But the one major thing Im not feeling are their drug laws
WTF!!Narcotics laws established by the Misuse of Drugs Act are very strict.
* Anyone caught with more than or equal to 2 g of heroin or 15 g of cannabis faces mandatory capital punishment, as they are deemed to be trafficking in these substances. The stated quantities are the net weight of the substances after they have been isolated by laboratory analysis. Between 1991 and 2004, 400 people were hanged in Singapore, mostly for drug trafficking, one of the highest per-capita execution rates in the world.
Here are some pics:
Comments
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Yeah looks nice, I'd like to visit. Try spitting on the sidewalk though.
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um
a lot of those buildings you posted do not exist yet and might never -
Like Ktulu said, most of those buildings are concepts and aren't built yet and likely won't be.
and I've been to Sentosa. -
Singapore is an international country and they have a lot of foreign investment and heavy financial activity tied up there. They are not trying to mess that up with drug heads running all over the place. Just keep it a 100 and keep it moving. They take that drug stuff seriously. And they are not adverse to caning crackers, if you get out of line, like other countries who turn a blind eye to stuff like that because of financial considerations.
This particular ? was caned for mushrooms:
Sorry, weed just ain't that good.
And plan on taking a lot of showers daily. -
Singapore is an international country and they have a lot of foreign investment and heavy financial activity tied up there. They are not trying to mess that up with drug heads running all over the place. Just keep it a 100 and keep it moving. They take that drug stuff seriously. And they are not adverse to caning crackers, if you get out of line, like other countries who turn a blind eye to stuff like that because of financial considerations.
This particular ? was caned for mushrooms:
Sorry, weed just ain't that good.
And plan on taking a lot of showers daily.
the ? ? They spank you like that over there? XD No thanks. -
no ? at googling exotic foreign male ?
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Singapore is an international country and they have a lot of foreign investment and heavy financial activity tied up there. They are not trying to mess that up with drug heads running all over the place. Just keep it a 100 and keep it moving. They take that drug stuff seriously. And they are not adverse to caning crackers, if you get out of line, like other countries who turn a blind eye to stuff like that because of financial considerations.
This particular ? was caned for mushrooms:
Sorry, weed just ain't that good.
And plan on taking a lot of showers daily.
SMH. This is what CMR wants to turn America into with his Peter Schiff economics. -
Drug laws? ? chewing gum is illegal over there. CHEW-ING GUMMMMM.
Why would any Libertarian even think of moving there?
and no ? @ And Step google imaging bleeding man ass -
Swiffness! wrote: »Drug laws? ? chewing gum is illegal over there. CHEW-ING GUMMMMM.
Why would any Libertarian even think of moving there?
and no ? @ And Step google imaging bleeding man ass
Cause when push comes to shove, Libertarians will team up with their authoritarian-right cousins rather than their progressive step-brothers. -
Swiffness! wrote: »
and no ? @ And Step google imaging bleeding man ass
Well in all fairness, I first thought it was a white girl. -
Well in all fairness, I first thought it was a white girl.
This is probably only going to invite further attacks. -
BA GAWD, KiNG
A SINGAPORE CANE MATCH
PANDEMONIUM -
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Yea I've been there several times myself. My family lives there. They got some crazy ass laws though! It's like a $100 fine for spitting on the sidewalk.
