Singapore, Australia Amend Taxation Pact Over Info Disclosure

September 8th, 2009

Dow Jones Newswires

SINGAPORE – Singapore and Australia have amended their tax agreement to “enhance” cooperation on the exchange?of?information, Singapore’s finance ministry said Tuesday.

The move follows Singapore’s endorsement of the internationally agreed-upon Standard on Exchange of Information earlier this year after the Organization for Economic Cooperation and Development put the island-state on a “grey list” of countries that haven’t signed pacts to fight tax evasion.

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