No more hanky panky, you naughty business people :-D - TopicsExpress

No more hanky panky, you naughty business people :-D :-D BUSINESS consultants who help companies inflate their claims for the Productivity and Innovation Credit (PIC) scheme could soon face penalties. The Ministry of Finance (MOF) issued a list of proposed changes to the Income Tax Act yesterday, including refinements to policies and administration. They include a proposal to impose penalties on intermediaries who promote or facilitate claims for PIC benefits in a way that abuses the scheme. singaporelawwatch.sg/slw/headlinesnews/44665-penalties-proposed-for-abusing-productivity-credit-scheme.html?tmpl=component&print=1&layout=default&page=#.U8SIWP7wu-Y.email

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