SINGAPORE, June 20, 2013 - LexisNexis® Singapore (www.lexisnexis.com.sg), a leading provider of content and technology solutions, will launch the much anticipated The Law and Practice of Singapore Income Tax, Second Edition publication today. The comprehensive reference is supported by the Inland Revenue Authority of Singapore (IRAS) and the Tax Academy of Singapore.
Made possible through a rare and unique partnership between the private, public, and academic sector members of Singapore’s tax community, The Law and Practice of Singapore Income Tax, Second Edition is a key milestone. Widely celebrated as the most authoritative reference book on Singapore income tax, the second edition at 48 chapters is twice the size of the first edition. Spread over two volumes and weighing a hefty six kilograms, the book provides in-depth coverage of a wide and holistic spectrum of tax topics.
Contributed by 55 of the best minds in tax matters, The Law and Practice of Singapore Income Tax, Second Edition includes new and updated chapters. Specially created to deepen the expertise of tax professionals, they deal with emerging and diverse taxation issues relating to cross-border transactions and investment activities. Each chapter provides in-depth discussions on current and relevant case laws drawn from the authors’ long years of practices and experience in taxation.
Recent developments in the global taxation landscape, such as the transparency of exchange of information to curb cross-border tax evasion, tax base erosion and profit shifting are included. These cover topics such as Tax Treaty and Treaty Interpretation, Best Practices and Controversies in Transfer Pricing, and Tax Efficient Supply Chain Management. Beyond current “hot topics” in taxes, the book also covers less well-trodden challenges which practicing tax professionals may face. These contemporary topics include, among others, Analysing Tax Decisions, Negligence in Tax and Ethics in Taxation. Distinctive topics on specialised sectors such as banking, insurance, sea transportation, telecommunications, clubs and trade associations are also included.
The brainchild of IRAS Board Member and former Head of Tax of Ernst & Young Mr Pok Soy Yoong, The Law and Practice of Singapore Income Tax, Second Edition is the most comprehensive book in the market in terms of content and depth. This book is a monumental work by its editors and co-authors who contributed freely without receiving any form of compensation. To ensure that their collective wisdom and knowledge are made available for future generations of tax professionals, students and other members of the community, all copyrights of the book had been assigned to the Tax Academy of Singapore.
The book launch will be held at the Asian Civilisation Museum on June 20, 2013. Mrs Chia-Tern Huey Min, CEO of Tax Academy, and Ms Ella Wang, Southeast Asia Managing Director of LexisNexis, will officiate the book launch. As part of the launch, the lead technical editor and project leader Mr Pok Soy Yoong will address the crowd. Sixty exclusive copies of the book autographed by the technical editors will go also on sale, with 20% of the proceeds from these sales to be donated to Viva Foundation for Children with Cancer.
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About LexisNexis Legal & Professional
LexisNexis® Legal & Professional (www.lexisnexis.com) is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 100 countries with 10,000 employees worldwide.
About Tax Academy of Singapore
Tax Academy of Singapore was set up in 2006 by the Inland Revenue Authority of Singapore in collaboration with the international accounting firms – Deloitte & Touche, Ernst & Young, KPMG and PricewaterhouseCoopers, the Institute of Certified Public Accountants of Singapore and the Law Society of Singapore.
A not-for-profit institution, our mission is to raise the professional competency of the tax community and to develop Singapore into a regional tax knowledge hub.