Some of the world’s economies rely heavily on corporate income tax from multinational corporations (MNCs) to drive government revenue. According to recent data, the countries most dependent on MNC taxation are:
- Ireland – 87%
- Hong Kong – 79%
- Chile – 76%
- Singapore – 73%
Here, large MNCs are defined as companies with consolidated revenues of at least €750 million (S$1.1 billion). This reliance highlights the significant role that multinational enterprises play in shaping national fiscal landscapes and economic strategies.
At NS Global Consultants Pte. Ltd., we assist corporations operating across borders with corporate secretarial, bookkeeping, compilation, and tax services, ensuring compliance with local regulations while optimizing tax strategy for multinational operations.