Singapore has maintained the same ranking as last year in the latest survey of 183 economies by the World Bank Group and PricewaterhouseCoopers (PwC).
The top four economies are the Maldives, Qatar, Hong Kong and the United Arab Emirates.
Despite the economic downturn, governments have generally remained focused on tax reform.
For Singapore, the report noted that it was during the 1990s, when the Asian financial crisis struck, that the Republic bit the bullet and undertook reforms to combat the economic downturn.
Singapore lowered business costs through a series of tax cuts, rebates and exemptions introduced over the course of the crisis.
The top four economies are the Maldives, Qatar, Hong Kong and the United Arab Emirates.
Despite the economic downturn, governments have generally remained focused on tax reform.
For Singapore, the report noted that it was during the 1990s, when the Asian financial crisis struck, that the Republic bit the bullet and undertook reforms to combat the economic downturn.
Singapore lowered business costs through a series of tax cuts, rebates and exemptions introduced over the course of the crisis.
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