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3.42 Our manufacturing sector draws strength
from its international linkages, for example with
Batam and Bintan. Corporate groups increasingly
split their activities across geographical boundaries.
Marketing or other high value-added activities
are concentrated in the main company, with other
activities distributed to its regional subsidiaries.
3.43 To accommodate this business model, I have
decided to introduce an "Integrated Industrial
Capital Allowance" incentive from 1 March
2003. Under this incentive, companies will be
allowed to claim capital allowances on equipment
that is used by their subsidiaries outside Singapore.
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