Thoughts on the GST as a regressive tax
What is Singapore actual GST system? Is the present 7% tax a true percentage of the actual taxes that consumers pay? Or are their hidden tax percentages that are embedded with the GST system whereby the actual tax imposed is much higher? Let's look at the following scenario: 1) A smartwatch manufacturer is GST-registered. It...
Words of wisdom from Thailand’s richest man, to our PAP Education Minister
In an exclusive interview with the Bangkok Post in Paris, Thailand's richest man Mr Dhanin Chearavanont shared his view that students should spend far lesser time in school and university and more time gaining more real world experiences in this digital era. The learned tycoon was quoted as saying: "Today, many students are...
Addressing Singapore’s key public housing problems: Asset Protection, Affordability and Access
Background and introduction: Singapore has a stellar reputation in having achieved the most extensive, high quality and successful national housing program in the world. The proposals in this paper seek to address the key potential long-term crises in HDB-managed housing and to improve upon it. There are two major problems facing...
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