The recent information we have read here on the forum and in the many news forums make me think that since Singapore has started to sign tax information exchange agreement, has so far signed 2, I wouldn't operate my business from there any longer, no one will want to find them self in the spot light of the local tax authorities just because you want your privacy and assets protected. I'm not speaking about any tax evasion but hey, if the tax authorities will get my information who else will get it, I'm very curious about to see how the world looks in a few years now while all this started.