TR EMERITUS

  Phillip Ang * The author blogs at LikeDatOsoCanMeh.      Read More →

In the past, it was considered fair to have a progressive income tax. The higher income earners pay a higher rate of tax on each higher band of their income. This fair approach was eroded over the years due to globalization. The high income earners are able to move their taxable income to countries with low rate of tax. They... 

Extract from this telling article by Reform Party chief, Kenneth Jeyaretnum. “Temasek’s results were announced on 9 July and they were not a pretty picture. While the Board claimed a 1.5% return for the year to 31 March 2019 this was only after translation into depreciating Singapore dollars. In US$ terms the portfolio...