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Tax incentive for firms improving their productivity and competitiveness,

SINGAPORE: The Association of Banks in Singapore (ABS) said Budget 2012 has focused on longer-term strategies rather than short term counter-cyclical measures.

via channelnewsasia.com

Such a clever way from the Singapore government to push the whole economic. A win win situation for boosting the economy,

1. Performnace and productivity is increased for the business itselt, more revenue and less cost.

2. The public gets better service / products and goods, better customer satisfaction.

3. The government get more tax from higher tax collection.

Industries, including banks, that are constantly upgrading and investing in back-end systems to improve their productivity and competitiveness, will now benefit from the tax incentive.