Lessons and choices in taxing the rich

WEALTH taxes have gained credence in recent years, and indeed are more feasible now than before. Several countries have recently moved to enact new taxes on their richest residents, with attention now turning to Singapore to "review" wealth taxes here.

The call to redistribute income is strong. But first, the nation must decide what it most wants to achieve - and know what it could cost. Already there are reservations expressed from the wealth management quarter, and talk of capital flight. In Brunch this Saturday in The Business Times Weekend, we look at why wealth taxes have failed in many Organisation for Economic Co-operation and Development economies, and the methods and avenues available.

Looking after a business is really about looking after the individuals that make up the business, and the people whom the business serves. Teo Lay Lim, chairperson of Accenture Singapore, tells The Raffles Conversation why the consultancy business is always human-centred.

It's a bird, it's a plane, it's . . . Bitcoin . . . but will it keep flying? Our Money Wisdom columnist studies the cryptocurrency in the context of the history of money, and offers some pertinent factors for consideration.

Cultivating pride in our own is important, but the "support local" movement should be about getting brands here up to standard, says our Sass & The City columnist.

Meanwhile, Barfly visits a Native bar that closes the loop by using foraged local ingredients to come up with no-waste concoctions.

And in the Health page, a cardiologist explains in detail the different types of heart attacks.

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