Singapore MAS Tharman Shanmugaratnam on Philanthropic Contribution by Family Offices: Do not Track Philanthropic Contribution by Family Offices But Studying if Tax Incentives Could Encourage Philanthropic Activity or Impact Investing
Chairman Monetary Authority of Singapore Board, Tharman Shanmugaratnam
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more
This site is for accredited investors, professional investors, investment managers and financial professionals only.
You should have assets around $3 million to $300 million or managing $20 million to $3 billion.
Singapore MAS Tharman Shanmugaratnam on Philanthropic Contribution by Family Offices: Do not Track Philanthropic Contribution by Family Offices But Studying if Tax Incentives Could Encourage Philanthropic Activity or Impact Investing
10th May 2023 | Singapore
Singapore central bank Monetary Authority of Singapore (MAS) Tharman Shanmugaratnam (Senior Minister & Minister in charge of MAS) reply on philanthropic contribution by family offices in Singapore – Do not track philanthropic contribution by family offices but studying if tax incentives could encourage philanthropic activity or impact investing.Singapore MAS Tharman Shanmugaratnam: “The Family Office Development Team (FODT) does not track the amount of contributions family offices make to philanthropic activities.MAS continually reviews the conditions of the tax incentive schemes for single family offices to ensure that they contribute to Singapore. We are studying whether tax incentives could be used to encourage philanthropic activity or impact investing.” See below for MAS statement
” Do not Track Philanthropic Contribution by Family Offices But Studying if Tax Incentives Could Encourage Philanthropic Activity or Impact Investing “
The 2024 Investment Day | 5/3 HK & 12/3 SG
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 5th March 2024 in Hong Kong, 12th March 2024 in Singapore.
Visit | Register here
The 2023 Family Office Summit | 25/10 HK & 8/11 SG
Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2023 Family Office Summit | Register here
Singapore MAS Tharman Shanmugaratnam on Philanthropic Contribution by Family Offices
Chairman Monetary Authority of Singapore Board, Tharman Shanmugaratnam
9th May 2023 | Written reply to Parliamentary Question on philanthropic contribution by family offices
To ask the Prime Minister (a) whether the Family Office Development Team tracks the amount of contributions which family offices contribute to philanthropic activities each year; (b) if so, what is the total amount of contributions in each of the past five years; and (c) whether annual contributions to philanthropic activities in Singapore can be included in the criteria for family offices, together with clear and specific conditions.
Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:
1. The Family Office Development Team (FODT) does not track the amount of contributions family offices make to philanthropic activities.
2. MAS continually reviews the conditions of the tax incentive schemes for single family offices to ensure that they contribute to Singapore. We are studying whether tax incentives could be used to encourage philanthropic activity or impact investing.
Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.
Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services.
Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?