The taxman cometh, and he means to have a hike
1. What do you think was a significant thing that happened this week?
Singapore Prime Minister Lee Hsien Loong said on Sunday that it was "not a matter of whether, but a matter of when" taxes would have to be raised, setting off a frenzy of speculation that some kind of tax hike might be announced in the next national budget.
The leading candidate for a revision at the moment is the Goods and Services Tax (GST), which currently stands at 7 per cent and was last changed in 2007.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access