Tax incentives for foreign investors: How effective? 

ONE major way by which the Singapore Economic Development Board (EDB) seeks to attract foreign investors is the Pioneer Certificate Incentive. This exempts businesses that introduce substantially more advanced technology, skillsets, or know-how from corporate tax or taxes them at a concessionary rate of 5 or 10 per cent for five years. The Pioneer rate is a large discount relative to the normal corporate tax rate of 17 per cent.

After the pioneer period, a business may get the Development and Expansion Incentive for additional investments. This scheme …

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