LAW2465: Singapore Taxation Law
1 min read
You have recently graduated as an accountant and your first position is with an integrated accounting and financial services organization in Singapore called Kapunda Teo and Associates Pte Ltd (KT). It is an unlimited company.
Josiah Sau Lo and Adriel Forrock are the directors of a financial services company in Singapore. The name of the company is Foreign Transaction Exchange (Singapore) Ltd (FTX). It is listed on the on the SGX. The other three directors are: Gary Wang, Samuel Freeman, and Charlotte Allison who are all domiciled in the Bahamas.
Josiah, Adriel, and their respective families as well as the company are clients of KT.
The company’s financial activities span direct equities, managed funds, derivatives as well and cryptocurrencies. They have offices and companies in Australia, Southeast Asia, the Americas, Europe, and the Middle East.
The head office for taxation purposes is based in Delaware in the United States of America. The actual trading activities are controlled out of the Bahamas. The key directors are Gary Wang, Samuel Freeman, and Charlotte Allison who are all domiciled in the Bahamas.
