How Singapore advertises

In-Flight Advertising On Singapore Airlines

On long-haul flights, one can watch ads before the on-demand movies (you can actually skip the ads if you want). One of the ads is for Silversea which is a luxury condos company aimed at expats. The ad shows a video of the place with gorgeous Westerners doing some shopping, sunbathing, and having a good time. And the caption reads: “No capital gains tax; no currency controls; no restriction on foreign ownership; no inheritance tax; no withholding tax for sale of properties; no value added tax”. That’s all. Nothing is said about the place itself. Clearly, businesses in Singapore know what a difference the island-state’s tax system can make to foreigners desiring to invest their money. This is global tax competition at work for you. Actually, one should rather call it “institutional competition.” This is the way Singapore Inc. establishes its name and reputation.

H/T Marginal Revolution.