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Singapore's R&D tax in need of disruption

Singapore cannot afford to let up on its R&D momentum as it could risk losing its shine to neighbours already nipping at its heels.

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Singapore cannot afford to rest on its laurels. If it does, there is a danger of companies relocating their knowledge-creating activities to other seemingly more attractive jurisdictions, some of which have very clear cost advantages.

IN AUGUST 2017, Singapore's Finance Minister Heng Swee Keat mentioned at an industry event that investments in research and development (R&D) by businesses in Singapore grew 8 per cent year-on-year from 2010 to 2015. He also made the point that while the increase in R&D investment is...

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