FirstFT: Singapore weighs tax cuts for fund managers to rival Hong Kong

Singapore is considering tax cuts for fund managers in a bid to attract more financial talent and compete with Hong Kong, which has been a major hub for fund management. This move comes as part of broader efforts to bolster the city-state’s financial services sector amid shifting global economic landscapes. The potential tax reductions highlight Singapore’s strategic focus on maintaining its competitive edge in the financial world, especially as geopolitical tensions, like the US-Iran conflict, and shifts in EU policies, such as Russia sanctions, impact global financial stability.