The hard truth of implementing wealth tax in Singapore
In an interview with John Micklethwait, the editor-in-chief of Bloomberg News, PM Lee said that “efforts to ease inequalities through wealth taxes face challenges including ensuring fairness and risks to the city-state’s competitiveness.” He further cited that “we need to find a system of taxation which is progressive...
Why Is the PAP Government Acquiescing in What Appears To Be an Indonesian Shakedown?
Lee Kuan Yew and Goh Keng Swee introduced NS ostensibly as a means of nation building and deterring potential aggressors (but really as a means of brainwashing and inculcating in Singaporean males a deferential attitude towards their leaders). As part of the campaign to instill a military style obedience in Singaporeans it was...
Wealth Tax
Although I acknowledge that it is not so straightforward to tax wealth in a new digital world and Singapore is definitely not alone in facing this challenge, still, I am disappointed with lhl's reply at the Bloomberg New Economy Forum with regards to a question that was posed to him about taxing wealth. Our four C19 supplementary...
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