Few people knows Sg attracting foreign or local investors to
set up biz here by
offering max 15 years tax relief.
----ECONOMIC EXPANSION INCENTIVES (RELIEF FROM INCOME TAX) ACT
(CHAPTER 86)With this guts,manufacturing still plays important role of some 20% of GDP.
Other ivory heads in developing or developed countries,like HK,
would put up excuses like not to give tax relief.
Pick the winners---who shoould decide get tax relief,
rent seekers---can any one help me to explain?
2.Like
GlaxoSmithKline (GSK),its profis per year was some $3 billion,almost
the sum of 3 major banks in Sg!!
3.u think we have low or no budget deficit is luck?
The forerunner of EDB should be remembered for bring
so much factories here and now they bring so much tax
for Sg.
4.
Assessable income of Manufacturing co is 17 % of all co.--App 9