Jamus Lim proposes having a wealth tax in Singapore
In Parliament on 1 Nov, Workers’ Party MP Jamus Lim proposed imposing a wealth tax ranging 0.5 to 2 per cent in Singapore. He said this could help diversify Singapore’s revenue sources and reduce income and wealth inequality. Jamus also argued that the GST affects lower-middle and middle-income families disproportionately. He proposed a tax of […]