Subscribe to RSS feedSingapore tax breaks threaten London broking
SENIOR industry figures in London have raised concerns that the UK Government is not doing enough to retain its title as the home of shipbroking, following Singapore introducing a tax incentive to lure a greater proportion of the business to Asia.
Doubts have spread after the Singapore government announced its 2010 budget last week. It included a reduced 10% concessionary tax rate for companies that deal solely in shipbroking and freight derivatives trading.
“It is something every company is going to...
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