lately, the state is recognized as an ever more preferred tax haven[258] for the wealthy a result of the lower tax charge on own profits and tax exemptions on overseas-centered earnings and funds gains. Australian millionaire retailer Brett Blundy and multi-billionaire Facebook co-founder Eduardo Saverin are two samples of wealthy people who have settled in Singapore (Blundy in 2013 and Saverin in 2012).[259] In 2009, Singapore was faraway from the Organisation for Economic Co-Procedure and Development (OECD) "liste grise" of tax havens,[260] and ranked fourth around the Tax Justice Network's 2015 fiscal Secrecy Index of the planet's off-shore money service providers, banking one-eighth of the planet's offshore cash, whilst "giving several tax avoidance and evasion chances".
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