How much tax for an Apple eating Europe?
The back tax bill is €13bn (or SGD$ 19.75bn) according to Margrethe Vestager, the European Commissioner for Competition. What does SGD$ 19.75bn means? For a proper perspective: 1. The total corporate tax in Singapore for FY 15/16 is SGD$ 13.8 bn, 2. Our total tax collection for the same period is SGD$ 44.8 bn, 3. Our defense...
Dignity for the Poor in Singapore
Saw this elderly cardboard collector yesterday at Chinatown quietly emptying cardboard on to his trolley near the OG hawker centre. We were happy to spot him after walking aimlessly for an hour without any result. We approached and gave him our angpow. He took it without any expression and continued his work. He seems agile...
The lack of a welfare system has left our elderly in a vulnerable position
Bumped into this 70-year-old uncle who was collecting drink can when we were carrying out our charity event at Chinatown earlier today. Gave him a $50 angpow and saw that he has only collected 5 to 6 cans in his big nylon sack. Each used drink can fetches about five cents and he says its tougher now to collect them due to intense...
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