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How the Singapore Solution Wiped Out $60 Million from America
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Subscribe05 MAY 2026 / ACCOUNTING & TAXES
Roderic Sage, a UK executive, has been arrested in London, extradited, and is set to plead guilty in New York over a decade-old tax evasion scheme. The scheme, known as the "Singapore Solution," involved $60 million being channelled through various jurisdictions including Switzerland, Singapore and Hong Kong in order to obscure actual account ownership and income from the IRS.
It started like one of those clever tax structures you hear about at conferences, the kind where someone leans in and says, “This one actually worked for years.” And for a while, it did. Now, more than a decade later, the so-called “Singapore Solution” ha...
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