Deloitte: More options needed to build revenue for startups
The government needs to introduce more options under tax incentives other than tax exemptions and tax shelters in order to better help unicorn startups and entrepreneurship get through their initial challenges.
Deloitte Asia Pacific tax partner Mark Chan said the initial challenges are not very profitable, so profit shelters and allowances are not going to do much in the short term to help these businesses grow and develop, and the critical issue is still how to get funding in order to achieve their desired level.
