[Scythian]

"DeepSeek GPU smuggling probe shows Nvidia's Singapore GPU sales are 28% of its revenue, but only 1% are delivered to the country: Report"

"The physical delivery of products sold by Nvidia to Singapore represent less than 1% of Nvidia’s overall revenue,” Tan See Land said. He then added, “It is common practice for global entities to centralize the billing for procured goods and services in their hubs, but this is separate from where the products are shipped to so far from our checks.” This is despite reports saying Singapore accounts for nearly 28% of Nvidia’s revenue for 2024."

https://www.tomshardware.com/tech-indust...A%20Report

[Scythian]

As reported, NVIDIA Singapore HUB recorded 28% in sales revenues basing on only 1% physical delivery, could that be implying solely for tax avoidance purposes?

How NVIDIA 28% sales profits around US$ 7 billions with only 1% physical delivery in Singapore being booked and accounts for corporate taxation?

creative accounting

"Creative accounting follows accounting practices according to laws and regulations but capitalizes on loopholes in accounting standards to falsely portray a better financial image of a company. Creative accounting techniques vary and evolve as regulations change ."

[Scythian]

"Minister for Foreign Affairs Dr Vivian Balakrishnan's Oral Reply to Supplementary Question on Singapore's Role as an International Trading Hub"

"The next highest source is actually Singapore, with around US$7 billion, and it is more than that for China, which includes Hong Kong, at US$12 billion.

 This means that Singapore accounts for around 20% of NVIDIA's global revenue.

7 hours ago""

[revealer]

It could mean foreign traders or merchants were using Singapore as a base to purchase or acquire the chips under International trade rules and have them shipped to other countries which could be China. These international trades r governed by WTO and not by trading countries. Such trade might not have been banned by WTO. Looks like a loophole.

[revealer]

Economic sanction and WTO law sometimes do not gel.

https://cil.nus.edu.sg/wp-content/upload...ct2014.pdf

[Scythian]

If a country still encouraging tax avoidance and evasions, there's nothing can be done

[revealer]

If a country still encouraging tax avoidance and evasions, there's nothing can be done

Need to b careful about what u write or u will b profma.  Only legal tax avoidance is allowed.

https://www.incorp.asia/blogs/tax-evasion-singapore/

[Scythian]

Why they always accusing Singapore of doing something fishy?

Always pointing fingers at Singapore?

Is Singaporeans abnormal or what?

[Niubee]

Why they always accusing Singapore of doing something fishy?

Always pointing fingers at Singapore?

Is Singaporeans abnormal or what?

80B Tax collected.

[Scythian]

Need to b careful about what u write or u will b profma.  Only legal tax avoidance is allowed.

https://www.incorp.asia/blogs/tax-evasion-singapore/

"The IMF has recommended using anti-money laundering (AML) measures to improve tax compliance and fight tax evasion. The IMF also recommends establishing beneficial ownership frameworks to reduce opportunities for corruption. 

Anti-money laundering (AML) measures Can increase the likelihood of detecting tax evaders, Can impose sanctions that deter tax evasion, Can increase tax revenues, and Can help mobilize domestic revenues. 
Beneficial ownership frameworks Can reduce opportunities for corruption,"
https://www.google.com/search?q=IMF+guid...x+evasions&oq=IMF+guidline+to+tax+evasions+&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIJCAEQIRgKGKABMgcIAhAhGI8CMgcIAxAhGI8C0gEJMTc0NDFqMWo0qAIOsAIB&client=ms-android-oppo-rvo3&sourceid=chrome-mobile&ie=UTF-8#:~:text=The%20IMF%20has,opportunities%20for%20corruption%2C

[Scythian]

.
Last 15 - 20 years, Singapore got a lot of all these cases setting up Regional HQ or HUBs solely for tax purposes.

[Sharexchange]

Trump sbould punish singapore.
Because most chips are export to China end user.

[Niubee]

Trump sbould punish singapore.
Because most chips are export to China end user.

Did u ask yr PRC wife to resell those GPUs ?

[Scythian]

Trump sbould punish singapore.
Because most chips are export to China end user.

OMG! A brave man indeed 

Are you not afraid that everyone be labelling you a traitor?

But you stood tall mate.

[Scythian]

Trump sbould punish singapore.
Because most chips are export to China end user.

Trump is hard on the heels of Singapore

Not surprised, Trump will soon call up to Fxxk someone ... Who can that be?

[Scythian]

Trump is hard on the heels of Singapore

Not surprised, Trump will soon call up to Fxxk someone ... Who can that be?

In the first place, Who created the loophole?

[Scythian]

Trump sbould punish singapore.
Because most chips are export to China end user.

Today, it's a $$$ world

Showing "Integrity" is only cover-up self perceived esteem.

[Scythian]

Someone shouted, "take cover"

"Returned fire"

All shooting in the dark..

[moonrab]

Someone shouted, "take cover"

"Returned fire"

All shooting in the dark..

You qi seow enough already?..🤣🤣🤣

Nvidia purchases mostly never comes to Singapore. Not our business. 🤭

Nvidia Corporation (/ɛnˈvɪdiə/, en-VID-ee-ə) is an American multinational corporation. It is based in Santa Clara, California..🤣
They must adhere to American regulations.

[moonrab]

As reported, NVIDIA Singapore HUB recorded 28% in sales revenues basing on only 1% physical delivery, could that be implying solely for tax avoidance purposes?

How NVIDIA 28% sales profits around US$ 7 billions with only 1% physical delivery in Singapore being booked and accounts for corporate taxation?

creative accounting

"Creative accounting follows accounting practices according to laws and regulations but capitalizes on loopholes in accounting standards to falsely portray a better financial image of a company. Creative accounting techniques vary and evolve as regulations change ."

You really are a empty vessel without trading knowledge. 

Buy and sell in a third country trading. What is wrong with it?..🤭

You in Australia buy from US and export to India. Cannot meh? Aiyo...GON T T..🤣

[Scythian]

You really are a empty vessel without trading knowledge. 

Buy and sell in a third country trading. What is wrong with it?..🤭

You in Australia buy from US and export to India. Cannot meh? Aiyo...GON T T..🤣

Why Trump will not talk to Zelensky, EU including those imposed sanction Russia?

All black listed by Trump's Admin

[Scythian]

Maybe Singaporeans should start praying to Trump for forgiveness...

And hope he will not demand 44K US MNCs to relocate.

[moonrab]

Why Trump will not talk to Zelensky, EU including those imposed sanction Russia?

All black listed by Trump's Admin

Not my business 🤣

[Scythian]

Not my business 🤣

Since there's no evidence and confirmation of smuggling via Singapore

Do you agree Singapore to issue POFMA against Trump and his Admin for falsehood.

[moonrab]

Since there's no evidence and confirmation of smuggling via Singapore

Do you agree Singapore to issue POFMA against Trump and his Admin for falsehood.

Trump hope the state will impose death penalty for drug traffickers. Same as Singapore..ok ma..🤣

Pofma you will do..🤭

[watchfirst9]

Since there's no evidence and confirmation of smuggling via Singapore

Do you agree Singapore to issue POFMA against Trump and his Admin for falsehood.

there is no official announcement, it is by Bloomberg citing their sources


U.S. officials are investigating whether Chinese artificial intelligence startup DeepSeek skirted American export restrictions on advanced chip sales and bought advanced Nvidia (NVDA) semiconductors through third parties in Singapore, Bloomberg reported Thursday, citing people familiar with the matter.
https://www.investopedia.com/us-investig...ys-8783654

and

Nvidia said it makes sure its customers adhere to regulations.

“Many of our customers have business entities in Singapore and use those entities for products destined for the U.S. and the west,” a Nvidia spokesperson said in a statement to Investopedia. “We insist that our partners comply with all applicable laws, and if we receive any information to the contrary, act accordingly.”


Sg govt take it seriously. Bloomberg got manipulate market records.




fxleaders.com › news › 2025 › 02 › 17 › bloomberg-fake-news-on-opec-sends-oil-prices-1-higher-russia-denies


Bloomberg Fake News on OPEC Sends Oil Prices $1 Higher, Russia Denies Skerdian Meta • Monday, February 17, 2025 • 2 min read MARKETS TREND The market trend factors in multiple indicators, including Simple Moving Average, Exponential Moving Average, Pivot Point, Bollinger Bands, Relative Strength Inde

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Bloomberg fined €5m over report of fake news release - Financial Times
Bloomberg has been fined €5m by French regulators for reporting a fake press release about the construction company Vinci three years ago that sent the group's shares down by almost a fifth.

[Scythian]

Using the word "Smuggling" as an accusation and implying illegal movement of goods.

If Singapore able to proof innocent, Singapore must issue POFMA and sue US Admin and seek damages.

[Niubee]

Using the word "Smuggling" as an accusation and implying illegal movement of goods.

If Singapore able to proof innocent, Singapore must issue POFMA and sue US Admin and seek damages.

Money paid so be it. Nobody steal

[Sentinel]

Boss of Nvidia is an ethnic Chinese

[Scythian]

Money paid so be it. Nobody steal

Smuggling probe

And explicitly accusing Singapore as a Smuggling HUB

Mind you, this is not Pirates of the Caribbean?