No need to increase GST if use 10% more from investment returns
Currently, under the Singapore's Net Investment Returns (NIR) framework, the government can spend up to 50% of the long-term expected real returns on the relevant assets (i.e, our reserves) managed by GIC, MAS and Temasek. Associate Dean of LKY School of Public Policy, Donald Low, wrote on his Facebook page yesterday (19 Feb) showing...
Budget 2018: Mega projects necessitate tax burden on citizens
Propaganda: Tax hike needed to fund healthcare for ageing population. Fact: The healthcare issue was anticipated some 3 decades ago. With PAP running a huge budget surplus every year – including land sales revenue – the government must have earned tens of billions from investments. A fraction of this amount would be...
Paul Tambyah: Budget Needs to Take Care of the Have-Nots
Good evening all, I would like to thank Sze Hian and MARUAH for inviting me to speak at this event. Firstly I would like to clarify that I am speaking in my own personal capacity as an activist and politician and NOT as a representative of the University and the hospital. I hope that the Independent can take note of that as...
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