Annual Dollar Amounts of Corporate Income Tax Revenues Forgone in Last Five Years from Incentives Granted

The Prime Minister noted that Singapore uses tax incentives judiciously to attract investments, with incentives awarded only when agencies deem them necessary and beneficial to the economy.
He emphasized that the value of incentives granted is a fraction of the projected total investment value, aiming to secure net economic benefits for Singapore.
The response highlighted that tax revenue forgone from incentives is notional, as the tax base might not remain unchanged without such measures, suggesting incentives can expand the overall tax base.

The Prime Minister noted that Singapore uses tax incentives judiciously to attract investments, with incentives awarded only when agencies deem them necessary and beneficial to the economy.
He emphasized that the value of incentives granted is a fraction of the projected total investment value, aiming to secure net economic benefits for Singapore.
The response highlighted that tax revenue forgone from incentives is notional, as the tax base might not remain unchanged without such measures, suggesting incentives can expand the overall tax base.

The Prime Minister noted that Singapore uses tax incentives judiciously to attract investments, with incentives awarded only when agencies deem them necessary and beneficial to the economy.
He emphasized that the value of incentives granted is a fraction of the projected total investment value, aiming to secure net economic benefits for Singapore.
The response highlighted that tax revenue forgone from incentives is notional, as the tax base might not remain unchanged without such measures, suggesting incentives can expand the overall tax base.

The Prime Minister noted that Singapore uses tax incentives judiciously to attract investments, with incentives awarded only when agencies deem them necessary and beneficial to the economy.
He emphasized that the value of incentives granted is a fraction of the projected total investment value, aiming to secure net economic benefits for Singapore.
The response highlighted that tax revenue forgone from incentives is notional, as the tax base might not remain unchanged without such measures, suggesting incentives can expand the overall tax base.

Summary