Tax Savings – Productivity And Innovation (PIC) Scheme
Productivity and Innovation Credit (PIC) was introduced in the 2010 Singapore Budget and enhanced in the subsequent two years budgets. This scheme supports all businesses who invest in innovation and productivity. Businesses can enjoy huge tax savings in the form of Cash Payout and/or Tax Deduction on the following six qualifying productivity improvement activities made…
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Dev Team
Code Of Corporate Governance – Highlights & Changes
1 March 2001 The Corporate Governance Committee (“CGC”) issued the Code of Corporate Governance (the “Code”) May 2004 The Council on Corporate Disclosure and Governance (“CCDG”) initiated a review of the Code 14 July 2005 A revised Code was issued 22 Nov 2011 The Corporate Governance Council (“Council”) submitted its recommendations to Monetary Authority of…
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Dev Team
International Financial Reporting Standards: Why Convergence is Important to Investors
For those having investable wealth, there is a wide range of opportunities from which to select, including real assets such as commercial property and an array of financial products, ranging from basic instruments such as stocks and bonds to the now somewhat tainted derivative products such as asset-backed loans. Many commentators believe the market…
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Barry Jay Epstein, Ph.D., CPA
Technical Recession or Recession?
As in 2008/2009, Singapore is reeling into a recession – factory output shrank 2.20% in August as compared to the corresponding period. electronics sector shrank by 7.3% and transport engineering shrank by 20.1%. Whilst the slowdown is widely expected, the steep fall caught many by surprise. The writer is of the view that recession is…
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