ranjan

Singapore is one of the world's prosperous nations. It has been ruled by People's Acton Party (PAP) since its independence in 1965 from UK. Singapore's highly developed free-market economy is successful due its prudent monetary  & fiscal policies and a transparent legal framework. The Govt. is for implementation of active industrial policy to promote economic development & diversification & is promoting business by significant public investments and targeted fiscal incentives. Well secured property rights, promote entrepreneurship & productivity effectively. Singapore is one of the least corrupt countries though power of deeply entrenched political elites continue to raise concerns. Labour laws allows relatively free hiring and firing practices, Govt. has started making approvals of foreign labour difficult. The top  income tax for individuals is 22% and Corporates 17%. The tax burden is 13.6% of total Domestic income. Govt. funds generously Housin...