Should we bring back estate duty?
On 19 November 2017, Prime Minister Lee Hsien Loong announced that the PAP Government is planning to increase taxes. His announcement fuelled wide speculation of an imminent hike in Goods and Services Tax (GST). GST is a tax on domestic consumption. The tax is paid when money is spent on goods or services, including imports....
Government future-taxing?
The Government has served notice that it is increasing personal taxes to ameliorate its coffers and that those earning higher wages should pay more. Inspite of the slowing economy, the Government has chosen this time of the year to announce the impending increase in personal taxes. While Singaporeans are a practical people and...
Dr Chee: Don’t bluff people
“TAX AND SPEND,” Dr Vivian Balakrishnan screamed about the SDP's alternative policies at the last elections. They'll “lead Singapore into bankruptcy”, he added, and “set us on a road to Greece”. For good measure, the then Environment and Water Minister heroically declared: “It is the duty of my team to awaken...
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