Press release -
PwC Singapore’s Budget 2020 proposals to enhance Singapore’s economy
Singapore, 9 December 2019 - PwC Singapore has released a set of recommendations which were provided to the Ministry of Finance for consideration in relation to the upcoming Singapore Budget 2020. Key themes of PwC Singapore’s “Proposals to Enhance Singapore’s Economy” include encouraging enterprise and innovation, enhancing the tax system, environmental protection, building a Smart Nation and nurturing a caring and inclusive society.PwC Singapore’s Budget 2020 proposals to enhance Singapore’s economy
Chris Woo, Tax Leader, PwC Singapore, said:
“Singapore is deeply connected to the global value chain. While this has brought about growth for the country, it also makes it easily impacted by instability in geopolitics. In addition, other external challenges such as climate change pose a risk to the long-term security of the Republic.
“PwC Singapore’s list of recommendations for Budget 2020 underlines key aspects that can enhance the city-state’s competitiveness, security as well as support its enterprises and people.
"As we continue to embrace technology and move towards becoming a Smart Nation, measures can be put in place to help businesses navigate challenges faced as they innovate, collaborate and internationalise. This can be supplemented with greater support for investments in technology start-ups to help push Singapore in the right direction.”
ENDS
Notes to Editor
Kindly refer to the ‘Proposals to enhance Singapore’s economy’ here: https://www.pwc.com/sg/en/budget-2020.html
About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with over 276,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/sg.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
© 2019 PwC. All rights reserved
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About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with over 276,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/sg.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
© 2019 PwC. All rights reserved
