Singapore’s attractiveness for foreign direct investment is underpinned by its robust legal framework, skilled workforce, political stability, excellent transport system and world-class infrastructure, MP Sharael Taha said. Speaking in Parliament on Monday (Nov 11), he pointed out that Singapore’s tax incentive frameworks give the country a competitive edge to attract companies looking to build capabilities globally. He also sought clarification on the Economic Expansion Incentives (Income Tax Reduction) (Amendment) Act. He wanted to know what criteria overseas investments must meet to qualify for allowable capital expenditure. Noting that the bill gives the minister the authority to define the list of eligible business activities, he wanted to know what criteria would be used to determine such activities and how often the list would be reviewed.