WEEKLY FEATURE: Tax Hike Looms for Singapore IRs

Singapore’s two integrated resorts, Marina Bay Sands (l.) and Resorts World Sentosa, are about to be socked with a big tax increase. The tax rate on mass-market revenues up to SG$2.2 billion (US$1.6 billion) will rise 20 percent, while revenues exceeding that will see a 47 percent tax spike.