TAXES
The PWC, IFC, and World Bank’s ‘2011 Paying Taxes Report’ reveals that Singapore is the fourth easiest place in the world for paying taxes. Thailand on the other hand ranked only #91 among 183 economies.
Singapore’s 11th position in the Forbes ‘2009 Tax Misery and Reform Index’ as against Thailand’s 14th position also reaffirms Singapore’s dominance over the Thai Kingdom in terms of taxation.
Singapore is also ranked as having the third lowest corporate taxes in Asia-Pacific by KPMG.
The difference in terms of taxes is also visible in Forbes’ ‘2010 Best Countries for Business’ list where Singapore was ranked #4 for tax burden while Thailand was ranked #6