Singapore, it seems, doesn't tax capital gains.

[Luminous Animal]

3. Singapore. Disneyland with a death penalty.

I don't think it will sink Singapore as long as they avoid starving the population but keep them under tight control. It is not a city I've ever wanted to visit, let alone live in.

Singapore is a relentlessly G-rated experience, micromanaged by a state that has the look and feel of a very large corporation. If IBM had ever bothered to actually possess a physical country, that country might have had a lot in common with Singapore. There's a certain white-shirted constraint, an absolute humorlessness in the way Singapore Ltd. operates; conformity here is the prime directive, and the fuzzier brands of creativity are in extremely short supply.

http://www.wired.com/wired/archive/1.04/gibson.html