GST from tourists. Why not? In 2019, tourism receipts was $27.7 billion
Now that our borders are open, tourists will start to come back and we will be able to collect revenue from tourists’ spending through the GST. In pre-COVID time, the bulk of net GST collected came from tourists and foreigners residing here, in addition to high income earners. At least 60% in fact. 19 million […]
Indranee to Jamus: What matters is having wealth tax policies that work in each jurisdiction
Let’s be clear at the outset that the Singapore Government is not opposed to taxing wealth. Speaking in Parliament, Second Minister for Finance Indranee Rajah said that the Government is constantly looking for ways to be able to supplement our revenue but to do that in a way that strikes the right balance. The Minister […]