WhyItMatters

A fine balance on grants

A recent case where a magician allegedly made fraudulent claims under the Inland Revenue Authority of Singapore's (Iras) Productivity and Innovation Credit (PIC) is raising questions over whether the incentive scheme had sufficiently stringent checks.

But it also highlighted the delicate balance that the Government needed to strike to ensure that applications were not unduly burdensome, in order to help businesses.

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A version of this article appeared in the print edition of The Straits Times on April 03, 2018, with the headline 'A fine balance on grants'. Print Edition | Subscribe