I am reading this piece of news,
“Singapore may soon come under increased scrutiny from the US, if incoming President Barack Obama follows through with his pledge to crack down on abusive "tax havens" which "peddle secrecy" and "cloak tax evasion and other misconduct,"according to Withers law firm.”
Obama and his team will also implement "Offshore Secrecy Jurisdictions", a very, very scary name organization aims to handle, er, corruption. Well, I believe our top leader, and GLC alike, is clean as a whistle. There is nothing we need to worry about.
(Link) IBT, Hong Kong. Obama to influence Hongkong (and Singapore) as tax havens.
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