Why further property tax hikes make sense
A more progressive property tax is one solution to Singapore's growing public spending needs and concerns about inequality
ONE of the first things I did after Finance Minister Lawrence Wong finished his maiden Budget speech on Friday was log into the Iras myTax Portal to check the annual value of my home.
As an owner-occupier of a modest apartment in the core central region, property tax is not a particularly big expense for me. In fact, it's nothing compared to the maintenance fees and cost of general upkeep for my unit.
But I feared this was about to change.
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