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Can property tax promote Industry 4.0?

Singapore needs to take a closer look at its tax policies aimed at spurring advanced manufacturing and the use of technologies in business.

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If Singapore fails to adapt and encourage innovation, industries and businesses may choose to move to more amenable jurisdictions for their manufacturing activities, resulting in the loss of not only tax revenue but jobs as well.

SINGAPORE'S industrial economy is heading towards a brave new world and Industry 4.0 is the roadmap for getting there. Although the Singapore government has implemented many measures to encourage companies to embrace Industry 4.0, more should be done in respect of property tax.

Industry 4

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