S’pore PR skipped US tax but lost $2m of Apple shares to ex-wife
SINGAPORE - Sham transactions that are done with the purpose of avoiding taxes will often end up causing more losses, as a man found out after parking about $2 million worth of Apple shares with his wife.
When the wealthy American couple, who are permanent residents here, clashed over the shares during their divorce at the Singapore High Court, the man found out to his horror that he no longer owned the shares because he was deemed to have gifted these assets to his then wife as part of his ploy to avoid paying US taxes for them.
……Read full article on The Straits Times - Sports
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banban 24/10/2025
All public bus drivers are taught how to deal with difficult passengers, Mr Guek said. “We are trained to approach them politely. If they refuse (to comply) or ignore us, we’ll report to the Operations Control Centre,” he explained.
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