Singapore’s Consistent, Agile Support for Innovation and IP in a Digital Age

International Tax Review, 2019

Posted: 16 Aug 2019 Last revised: 19 Aug 2019

See all articles by Tzi Sim

Tzi Sim

Independent

Vincent Ooi

Singapore Management University - School of Law; Singapore Management University - Centre for AI & Data Governance

Date Written: April 16, 2019

Abstract

Singapore’s Finance Minister Heng Swee Keat announced tax changes in his 2019 budget statement, which was delivered in Parliament on February 18 2019. These changes need to be appreciated in the broader context of the need for ongoing transformation of Singapore’s economy to capture opportunities in a global environment that is shaped by four major shifts:

1. The shift in global economic weight towards Asia;
2. Rapid technological advancements;
3. Changing demographic patterns; and
4. The decline in support for globalisation.

This year’s budget continued the trend in recent budgets of focusing on building and deepening capabilities of businesses through innovation.

Keywords: Tax Law, Taxation

Suggested Citation

Sim, Tzi and Ooi, Vincent, Singapore’s Consistent, Agile Support for Innovation and IP in a Digital Age (April 16, 2019). International Tax Review, 2019. Available at SSRN: https://ssrn.com/abstract=3436557

Tzi Sim

Independent ( email )

No Address Available

Vincent Ooi (Contact Author)

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

HOME PAGE: http://law.smu.edu.sg/faculty/profile/156436/Vincent-OOI

Singapore Management University - Centre for AI & Data Governance ( email )

55 Armenian Street
Singapore
Singapore

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