atans1

“Do taxes in Singapore really need to go up?”/ ST trying to change its spots?

In Economy, Public Administration on 24/01/2018 at 7:15 am

“Do taxes in Singapore really need to go up?”is the title of an article in the constructive, nation-building ST.

But it looks as though it’s trying hard to no longer be constructive and nation-building.

In the article, it quotes Maybank Kim Eng economist Chua Hak Bin as saying

“It is quite remarkable that Singapore, with one of the highest saving rates in the world (at 48 per cent of gross domestic product) and fiscal reserves, still needs to increase taxes.

“The risk is that higher taxes may weigh on growth, which could lead to lower tax revenue collection as a result. Singapore’s low-tax regime has been historically a reason for its success, its attractiveness as a business hub and a vibrant city that draws talent.”

Taz no exactly what the PAP expects to hear from it’s No 1 loudhailer.

But taz not all, it further quotes him as saying that the govt should target subsidies more effectively.

For instance, the Pioneer Generation healthcare package should have been more targeted towards those who needed help most (by housing type or income), rather than a blanket scheme for everyone aged above 65, suggests Maybank Kim Eng’s Dr Chua.

http://www.straitstimes.com/business/economy/do-taxes-in-singapore-really-need-to-go-up

Now taz criticising the PAP adminstration’s signature policy, and it’s across the board schemes

Whatever, my mum for one is not impressed by this suggestion. She’s one of those who he thinks that she doesn’t deserve her “freebies”.

Btw Mr Chua is a M’sian. His dad is a fat cat who owns a finance co.

  1. m’sian chua a life-long mca member ?

    • Not sure about his politics but does he know anything about sg economics? High savings rate? How much savings do people really have besides an hdb flat? Many do not even have full cpf minimum sum. The flat is worth something for sure, but using it to produce income till 90 is not that easy. And these are not the poor people, whose amount of savings mr chua should look into before making another attempt at the topic

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