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Benefits of multinational companies operating in Singapore - Coggle…
Benefits of multinational companies
operating in Singapore
Job creation
Improve the quality and efficiency of local workforce by providing training
Create employment opportunities
Hire those workers in the future could learn from them and improve
Contribute to tax revenue
Receive more Corporate Tax revenues from any Net Profits Before Interest and Tax which tend to be highly profitable
=> More income for the government to spend on important public services such as health care and education
Income generated by the multinational companies will be taxable in the Singapore
Infrastructure development
New technology, techniques and advance knowledge will be shared
Invest in transportation and communication networks as they produce and sell large volumes of products
Economies of scale
Create consumption expenditure since more people are in paid employment
Increase the value of a country’s annual output by producing and selling high volume of products.
=> Boost the Singapore’s Gross Domestic Product (GDP)