atans1

When PAP boasts about FDI, remember this

In Economy on 12/01/2017 at 4:54 am

It’s the time of the year when the PAP administration will do via the EDB its regular Trump-like claim that it met the FDI target for the previous year, and talk about jobs and value-add to the economy.

So remember this extract from the Economist, the PAP’s real bible or sacred text*

But these days FDI does not always result in a new factory, research facility or office building, with new jobs to match it. Often it amounts to a transfer of intangible assets for the purpose of lowering corporate tax.

http://www.economist.com/news/special-report/21707836-foreign-direct-investment-mostly-welcome-large-short-term-flows-spell-trouble

*Singkies real dumb. No need pay millions for ministers. Juz subscribe to the Economist.

Advertisements
  1. I get it. It’s better for us to pay higher taxes in exchange for less FDI.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: