Posts Tagged ‘Cleans’
May 13, 2014 | 
Author Singapore Cleans Up Image to Attract Bonafide Businesses: Singapore Company Incorporation
Singapore (PRWEB) May 06, 2014
According to a Sydney Morning Herald report published this week, Australian companies have sent almost $ 40 billion in 2012 to Singapore, raising questions of which funds are legitimate. Ahead of this report, and in a bid to clear any doubt, the Southeast Asian nation has been taking proactive measures since last year to weed out money laundering and wilful tax evading activities. This continued effort will help the country to clean its image and attract genuine businesses from across the globe, says SingaporeCompanyIncorporation.sg, a leading Singapore incorporation portal.
BONA FIDE INVESTMENTS WANT TO COME TO SINGAPORE
Singapore attracts investments from all corners of the world, due to the absence of taxation on dividends, business-friendly regulations, vibrant financial market, free enterprise economy, political stability and state-of-the-art infrastructure. According to Trading Economics, the cost of borrowing is last recorded at 0.21, coupled with a strong and appreciating currency attracts foreign funds in search of higher returns.
In return, the Singapore government welcomes foreign investment that contributes to the economic growth of the country, particularly in value-added, skills and technology-based sectors. To encourage such investments, the government offers a wide range of incentives including accelerated depreciation benefits, favourable loan proposals and high-quality industrial estates.
MEASURES TO PROMOTE CLEAN IMAGE
In a bid to step up efforts on cleaning the image of Singapore as a conduit for money laundering activities, the Monetary Authority of Singapore (MAS), last year, announced a slew of reforms to combat cross-border tax evasion activities. According to MAS, Singapore intends four key measures to strengthen its Exchange of Information (EOI) framework, which include:
Extending EOI assistance in accordance with the internationally agreed standard (for tax purposes) to all the existing tax agreement partners of Singapore.
Signing the Convention on Mutual Administrative Assistance in tax matters. There are currently 45 signatories to the Convention that serves as an international agreement for bilateral tax co-operation.
Allowing the Inland Revenue Authority of Singapore (IRAS) to obtain bank and trust information from financial institutions without having to seek a Court order, which will further streamline the administration of EOI.
Concluding with US an inter-governmental agreement (IGA) that will facilitate financial institutions in Singapore to comply with the Foreign Account Tax Compliance Act (FATCA).
FATCA is a US law which requires all financial institutions outside of the US to share information about financial accounts held by US persons to the US Inland Revenue Service (US IRS) on a regular basis. The agreement was concluded in July last year with far-reaching implications. Per the FATCA rules, banks in Singapore will have to share the information on financial assets of American citizens in the country, with the U.S. authorities.
ATTRACT MORE BONAFIDE COMPANIES
Singapore’s ambition to promote a clean image across the globe will have a positive impact on its image. It will attract bona fide businesses for carrying out legitimate business activities and put brakes on money laundering intentions.
Commenting further, Ms. Cheryl Lee, Operations Manager at SingaporeCompanyIncorporation.sg said, “The measures will ensure that Singapore’s financial system is not used to harbor ill-gotten funds or as a medium for the flow of undeclared assets. Such regulations will restore the image of the island nation as a nerve center for growth and innovation.”
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About SingaporeCompanyIncorporation.sg
SingaporeCompanyIncorporation.sg is a portal for entrepreneurs and professionals who want to have a presence in Singapore. It is also a provider of company incorporation as well as the related taxation and relocation services in Singapore.
80 Playfair Road
Singapore 367998
65 6850 5280
info@singaporecompanyincorporation.sg
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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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Posted in Foreign Exchange | 
Tags: Attract, Bonafide, Businesses, Cleans, Company, Image, Incorporation, Singapore | 
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Philadelphia Apparel Organization United By Blue Cleans Up What Other people Leave Behind
Hegins, PA (PRWEB) December 29, 2011
The United By Blue (UBB) team, along with the help of 25 volunteers, removed over 900 tires from Brett Russell’s property in Hegins, PA at a cleanup in November.
For most of his life, Russell had been a competitive powerlifter, individual trainer, and semi-pro racquetball player. By way of all of his pursuits, he took active living to a new level.
All of that changed on New Year’s Eve, 1995, when he was driving to operate in Atlantic City, New Jersey. A hit-and-run drunk driver left his knee crushed so severely that the only fix surgeons could offer you was experimental surgery.
Negative luck struck once again numerous years later when a driver attempting to turn a corner slammed on her gas rather of her brakes and crashed into Russell. The second accident injured six disks in Russell’s upper back and neck, leaving him even with even far more serious disabilities.
“Since the accidents, I have not been able to do issues requiring substantial physical endurance or exertion,” he says.
Years later, Russell moved from Atlantic City back to his roots in the Ashland and Mount Carmel region of Central Pennsylvania. He purchased some property with the intention of constructing a cabin overlooking the creek that runs through it. Two accidents and a career spent operating a casino made the peaceful, scenic retreat especially appealing to him.
But no rest for the weary, it would seem. “I purchased the property with the aim of cleaning it up and producing it a good unique and relaxing place, but regrettably the property appears to have been employed as a dump area for years,” says Russell.
Enter United By Blue (UBB), a Philadelphia-based apparel brand that removes one pound of trash for each product sold. The start-up has been associating every transaction with a concrete environmental action because they had been founded back in 2010, and have given that removed 80,000 pounds of trash at more than 60 cleanups with the assist of over 1,000 volunteers.
UBB is a new brand of organization, difficult-wired to do environmental good. Preparing and hosting cleanups is part of its mission. They do their own dirty work, and public waterways across the country are cleaner as a result of their function.
UBB sticks virtually exclusively to public waterways, but the team knew that the waste on Russell’s property affected far more than just his stretch of creek. “It was dirty,” says Mike Cangi, UBB’s Director of Cleanups. “I mean, it was dirty.” So the team decided to see if they could host a cleanup on Russell’s property at Weishample Hollow and known as him up.
Russell was thrilled to have them. “It is actually impressive that people come forward and give of themselves and their time freely to support this world, and other people in it. I express my thanks for helping to accomplish what I am unable to achieve myself at this time,” said Russell.
The community support was overwhelming. One volunteer, Pam Ulicny, a neighborhood teacher and cleanup volunteer, had glowing issues to say about the occasion: “UBB pulled our community together to aid to clean up an eyesore and a nearby environmental concern. UBB demonstrated that in a single day a team of concerned people can come together, make a difference, and feel excellent about what they achieved. And UBB helped to inspire me to organize much more clean-up projects on my own.”
United By Blue is an ocean-friendly brand of apparel that removes one pound of trash for each item sold. The brand sells a line of organic cotton t-shirts, canvas bags, and artisan jewelry.
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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