Tricky questions on whether private homes should carry a higher tax burden

This can be in the form of capital gains taxes on transactions of homes, or levying tax linked to the capital value of a home or raising property taxes

Leslie Yee

Published Tue, Nov 2, 2021 · 05:50 AM

Taxes

Singapore

GOVERNMENTS across the globe have spent vast sums of money to help people and businesses deal with the economic devastation wrought by the Covid-19 pandemic.

As countries look to build back better from the pandemic, strengthening social safety nets and fighting climate change will add to the strain on government purses.

Singapore has spent huge sums in fighting the pandemic, and is confronted with an ageing population and increasing spending on healthcare.

Fortunately, Singapore has built up reserves over the years. Investment returns of the nation's reserves supplement the country's annual budget through the Net Investment Returns Contributi…