Saturday, 19 April, 2014

 
Published February 21, 2014
SG Budget: Little for MNCs but Singapore still attractive for foreign investment: Deloitte
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The extension of the PIC, R&D and IPR WDA schemes are welcomed, but these are just extensions of existing schemes rather than enhancements or new schemes - PHOTO: SPH

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"There is little offering in both the budget statement and in the annexes that will be of interest to foreign MNCs looking to invest in Singapore. The extension of the PIC, R&D and IPR WDA schemes are welcomed, but these are just extensions of existing schemes rather than enhancements or new schemes. That said, Singapore still remains a very attractive destination for foreign investment but this budget will neither improve nor diminish Singapore's position as a destination for foreign investment."

- Ben Pickford, Director, Tax Services, Deloitte Singapore