The corporate tax contribution in sustaining Singapore’s social compact
Singaporeans’ interactions with foreign multinational companies are integral to defining and showing our social compact
Add BT as a preferred source
WHEN Budget 2024 was announced as the first instalment of plans for the Forward SG initiative, the instinct was that the new policies or policy shifts would aim at benefiting Singaporeans – workers, students, families, businesses and more.
A closer look at the announcements shows that a lot more parties are impacted.
The Overseas Humanitarian Assistance Tax Deduction Scheme, for example, will be piloted for four years from 2025. This scheme provides individual and corporate donors with a 100 per cent tax deduction for qualifying cash donations to charities located around the world.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
