Many big earners in Singapore pay less tax than Hong Kong counterparts

The China Post, 23 Feb 2011SINGAPORE--While the top tax rate of 20 percent has not changed, many of the really big earners in Singapore are still better off than their counterparts in Hong Kong. The key level for those in the salary stratosphere is SG$491,587 or US$386,043, of chargeable income a year. KPMG's head of international executive services, Ooi Boon Jin, calculated that those whose