In recent years the country has been identified as an increasingly popular tax haven for the wealthy due to the low tax rate on personal income and tax exemptions on foreign-based income and capital gains Australian millionaire retailer Brett Blundy and multi-billionaire Facebook co-founder Eduardo Saverin are two examples of wealthy individuals who have settled in Singapore (Blundy in 2013 and Saverin in 2012) in 2009 Singapore was removed from the OCDE "liste grise" of tax havens, but ranked fourth on the Tax Justice Network's 2015 Financial Secrecy Index of the world's off-shore financial service providers banking one-eighth of the world's off-shore capital while "providing numerous tax avoidance and evasion opportunities" in August 2016 The Straits Times reported that Indonesia had decided to create tax havens on two islands near Singapore to bring Indonesian capital back into the tax base in October 2016 the Monetary Authority of Singapore admonished and fined UBS and DBS and withdrew Falcon Private Bank's banking licence for their alleged role in the Malaysian Sovereign Fund scandal. 7 State election results The Ministry of Education established the Financial Assistance Scheme (FAS) to provide financial assistance for education to low income families with gross household income of SGD$2,500 or a per capita income of less than SGD$625.00. Students eligible for FAS receive a full waiver of miscellaneous fees and partial subsidy on national examination fees. They may also enjoy full or partial fee subsidy if they are in Independent Schools. .
Ports and harbours Nominal Extreme weather In June 1920 the United States and its allied coalition partners withdrew from Vladivostok after the capture and execution of the White Army leader Admiral Kolchak by the Red Army However the Japanese decided to stay primarily due to fears of the spread of communism so close to Japan and Japanese-controlled Korea and Manchuria The Japanese Army provided military support to the Japanese-backed Provisional Priamurye Government based in Vladivostok against the Moscow-backed Far Eastern Republic. 2 Method data and documentation The memorial to Olivia Mariamne Raffles Raffles' first wife erected by him along the Kanarielaan in the National Botanical Gardens (now the Bogor Botanical Gardens) Raffles re-landscaped these gardens which were established in 1744 in Buitenzorg (now Bogor) West Java, This section's factual accuracy is disputed Relevant discussion may be found on Talk:Education in Singapore Please help to ensure that disputed statements are reliably sourced (October 2008) (Learn how and when to remove this template message). . The public sector is used both as an investor and as a catalyst for economic development and innovation The government of Singapore has two sovereign wealth funds Temasek Holdings and GIC Private Limited which are used to manage the country's reserves. Initially the state's role was oriented more toward managing industries for economic development but in recent decades the objectives of Singapore's sovereign wealth funds have shifted to a commercial basis, 5 Water use conservation and efficiency Market psychology and trader perceptions influence the foreign exchange market in a variety of ways:.
Hasbrook Hasbrook