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Do Singapore banks share account information with US IRS?

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  • Do Singapore banks share account information with US IRS?


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Answer #1 | 25/06 2008 10:09
Most countries have signed a tax information exchange agreement with the US, so yes, Singapore does share account info with the IRS.
Positive: 25 %
Answer #2 | 30/11 2013 01:28
If your intentional is to evade taxes, I would suggest you look elsewhere. Singapore banks abide by strict regulations impose by Ministry of Finance to prevent foreigners from opening a Singapore bank account for the wrong reasons. Having said that, many Singapore banks and international banksin a Singapore welcome non-residents and expats to open banking accounts for savings, trading and investments. Learn about how to open a global online account in Singapore that you can access from anywhere you go.
Positive: 19 %

Possible answer

Banks, wealth managers and other financial institutions in Singapore will be required regularly to report to US tax authorities information on bank ...
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Positive: 25 %
(Tim Fraser For The Globe and Mail ... United States to share banking information. ... to the IRS. Canada and the U.S. already share financial ...
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Positive: 20 %
... have agreed to share information about U.S. account holders in a ... foreign banks to share information about U.S. account holders with the IRS
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Positive: 6 %
Exclusive: Foreigners' accounts in U.S. banks ... tell the IRS about accounts held by ... shares some taxpayer information with ...
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Positive: 10 %

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