Wealth tax? The question has never been one of whether to tax wealth but how to do it effectively: Indranee
We have heard many stories of the asset-rich but cash-poor retiree who lives in a private property bought years ago when he was young. Now he is old and struggles to get by while living in a private property because he has little cash. Familiar story? Along comes the wealth tax. Well, good luck to this […]
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 […]