Singapore eyes corporate tax rise, AI investment in 2024 budget
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Singapore is set to raise corporate taxes on multinationals from the start of next year. Finance Minister Lawrence Wong announced the city-state's 2024 budget, stating that the government will boost spending over the next decade. The current financial year is expected to have a bill of SG$111.76 billion ($83 billion), about SG$5 billion more than in 2023. Singapore aims to become an artificial intelligence hub and will invest in AI initiatives. The budget also includes efforts to drive innovation through a carbon tax hike. The article was published on February 16, 2024.

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https://asia.nikkei.com/Economy/Singapore-eyes-corporate-tax-rise-AI-investment-in-2024-budget