Govt proposes changes to finance leasing rules and its tax benefits
Executive Council spokesman Leong Heng Teng said yesterday that the government has drafted a bill regulating the city’s finance leasing, with the aim of promoting its development.Addressing a press conference at Government Headquarters, Leong said that the council, the government’s top advisory body, has completed its discussion of the bill, which is to replace the existing decree-law on finance leasing which came into force in 1994.The government’s Five-Year Development Plan published in