A delicate balancing act

THIS WEEK'S TOPIC: How might Singapore strike a balance between ensuring a sustainable fiscal system and maintaining a progressive and internationally competitive tax structure?

Max Loh EY Asean and Singapore Managing Partner Ernst & Young LLP

A PROGRESSIVE and competitive tax regime are both sides of the same coin and requires fine balancing to ensure fiscal sustainability. Singapore's hallmark has always been to calibrate short-term needs with longer-term strategic imperatives and having government, businesses and workers collaborate to execute.