0% GST is unsustainable
In the recently announced Shadow Budget by Singapore Democratic Party, Dr Wijeysingha proposes to abolish GST stating it as a regressive tax that "unfairly places the burden of taxation on the less well off". There is no doubt the present GST system is indeed unjustifiably weighing on the low income earners when they are the...
First they give you oranges, then they squeeze them – Kenneth Jeyaretnam
In my article on Budget sweeteners entitled, “Why Accept Carrots When You Own the Farm”, I said that it was hardly surprising that the PM hinted at a good Budget in his CNY speech since the government had been running a surplus of around 10% of GDP this year. This was part of a fairly unbroken trend and that was before accounting...
The Relentless March of The Gini Coefficient
The Gini coefficient is a measure of statistical dispersion developed by the Italian statistician Corrado Gini and published in his 1912 paper "Variability and Mutability". Worldwide, Gini coefficients for income range from approximately 0.23 (Sweden) to 0.70 (Namibia) although not every country has been assessed. No matter...
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