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Make crowdfunding tax-friendly for startups

This would widen funding options, which are a critical part of a vibrant entrepreneurship ecosystem.

Among the three main types of crowdfunding, equity-based crowdfunding has been less prevalent in Singapore due to the regulatory landscape.

FOR startups, capital injection is critical to kick-start a business proposal or fuel expansion, yet funding barriers are often cited as one of their challenges.

While traditional financing options such as micro loans, government-backed grants and debt financing schemes exist, more