The crucial step in the "grey to white" process was taken yesterday when the Government signed a protocol to amend the standing agreement for the avoidance of double taxation (DTA) with France.
Finance Minister Tharman Shanmugaratnam took time out from Apec meetings to ink the deal with French Minister for the Economy, Industry and Employment Christine Largade.
The Organisation for Economic Cooperation and Development (OECD) requires a country to seal 12 such deals before it can join the white list.
Later in the day, the Minister from the Prime Minister's Office and Second Minister for Finance and Transport, Mrs Lim Hwee Hua, signed a similar pact with Brunei.
Singapore has pacts with 13 countries - Belgium, New Zealand, Britain, Denmark, The Netherlands, Australia, Austria, Norway, Qatar, Mexico, Bahrain, France and Brunei.
Finance Minister Tharman Shanmugaratnam took time out from Apec meetings to ink the deal with French Minister for the Economy, Industry and Employment Christine Largade.
The Organisation for Economic Cooperation and Development (OECD) requires a country to seal 12 such deals before it can join the white list.
Later in the day, the Minister from the Prime Minister's Office and Second Minister for Finance and Transport, Mrs Lim Hwee Hua, signed a similar pact with Brunei.
Singapore has pacts with 13 countries - Belgium, New Zealand, Britain, Denmark, The Netherlands, Australia, Austria, Norway, Qatar, Mexico, Bahrain, France and Brunei.
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