EY calls for tax credits to keep R&D in Singapore
It also suggests easing of tax rules for VCs and family offices
Add BT as a preferred source
Singapore
INNOVATION and jobs are some key areas that the upcoming Budget can address, according to a new wish list from professional services firm Ernst & Young Solutions (EY) that echoes earlier calls from the industry.
But, after suggestions by rivals PwC and Deloitte for measures such as tax deduction for companies' research and development (R&D) overseas, EY said instead on Thursday that "it is important that companies are encouraged to continue to carry out R&D activities in Singapore".
TRENDING NOW
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
