12 Feb 2010
ICPAS Pre-Budget Roundtable is a thought leadership initiative to engage top executives, senior management, practitioners, thought leaders, business owners and entrepreneurs to gather views and provide relevant feedback to the Government as part of our responsibility to support nation building.
ICPAS Research will publish a Whitepaper based on this and a Post-Budget Roundtable will be held in March.
For more information, please visit www.icpas.org.sg/prebudget
Exclusive highlights from this closed-door session presented below
Welcome Address by Co-Chair Dr Ernest Kan (I)
ICPAS President Dr Ernest Kan welcomes the participants and recaps Singapore’s economic performance in 2009.
Welcome Address by Co-Chair Dr Ernest Kan (II)
ICPAS President Dr Ernest Kan talks about the S$20.5 billion Resilience Package and its impact on the Singapore economy.
Welcome Address by Co-Chair Ms Jessica Tan
Co-Chair Ms Jessica Tan shares that the 2010 “Expansionary” Budget is likely to see government spending on investment in infrastructure, education and health care as well as helping businesses restructure and increase productivity.
Feedback on 2009 Budget
Find out what the participants have to say about the 2009 budget. Have initiatives such as Core Innovation Fund, Green Rebate, Job Credit Scheme, and the bank lending scheme been effective?
On Productivity and Jobs Credit Scheme
Productivity growth has stagnated over the past 10 years. What can be done to improve that? Is it the duty of employees or the responsibility of employers? How can the government encourage greater participation in schemes and programmes? Watch what the participants have to say.
On Social Welfare
Participants commented that Volunteer Welfare Organisations (VWOs) face fee pressure, talent shortage and difficulties in getting funds. Can the government waive GST for VWOs? What attitude should be adopted when it comes to salary for employees of VWOs? What can be done to increase accounting transparency for VWOs?
On Enhancing Business Cash Flow & Competitiveness and Taxation
Enhancing Business Cash Flow & Competitiveness: Adopting technology, human capital development and resolving the credit issue, are some areas that participants feel can help local SMEs.
Taxation: Are foreign talent basing their decision to relocate on personal tax rate or other factors such as living environment? Is enough being done to retain local talent pool? What should be the taxation framework for capital gains and speculative gains? Watch this lively discussion as participants share their views on a subject very close to heart.
Summary of Discussion
Co-chair Ms Jessica Tan summarises the key discussion points- Singapore as a hub for best practices, productivity and innovation, supporting SMEs, creating real wage growth as well as taxation and Volunteer Welfare Organisations.
Interview With Participants
Find out what Ms Jessica Tan, Dr Ernest Kan, Ms Paula Eastwood and Mr Teng Theng Dar thought about the ICPAS Pre-Budget Roundtable and what they hope to see in the 2010 Budget.
Interview With Participants
In this series of Vox Pops, Mr Uttam P Kripalani, Mr Low Cheong Kee , Mr Lee Wai Fai and Mr Foong Daw Ching share their thoughts on the discussion.
Catch more ICPAS videos on our YouTube Channel www.youtube.com/cpasingapore
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