Publication Type
News Article
Version
acceptedVersion
Publication Date
12-2020
Abstract
In the recent case of Wee Teng Yau v Comptroller of Income Tax, the Singapore Supreme Court considered the issue of tax avoidance by professionals for the first time. The case involved a dentist, Dr Wee, who was initially employed by Alfred Cheng Orthodontic Clinic Pte Ltd (ACOC). Subsequently, he incorporated Straighten Pte Ltd (SPL), of which he was the sole director and shareholder. Dr Wee continued to provide the same dental services to ACOC's patients as he had done before. However, instead of paying Dr Wee directly for his services, ACOC paid for his services to SPL, which in turn paid Dr Wee a salary and a director's fee.
Keywords
Tax Law, Taxation, Tax Avoidance
Discipline
Commercial Law | Tax Law
Research Areas
Corporate, Finance and Securities Law
Publication
Business Times
ISSN
1733-8179
Publisher
SPH
Embargo Period
4-21-2021
Citation
LIU, Hern Kuan and OOI, Vincent.
Artificially low salaries and tax dodging. (2020). Business Times.
Available at: https://ink.library.smu.edu.sg/sol_research/3241
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.