A new approach towards taxation
In the past, it was considered fair to have a progressive income tax. The higher income earners pay a higher rate of tax on each higher band of their income. This fair approach was eroded over the years due to globalization. The high income earners are able to move their taxable income to countries with low rate of tax. They...
Is our financial fate in good hands?
Extract from this telling article by Reform Party chief, Kenneth Jeyaretnum. “Temasek’s results were announced on 9 July and they were not a pretty picture. While the Board claimed a 1.5% return for the year to 31 March 2019 this was only after translation into depreciating Singapore dollars. In US$ terms the portfolio...
Singaporeans scammed by ‘subsidised’ public healthcare system
In 2014, I highlighted to then Health Minister Gan that “20140820 Privatised public healthcare costs detrimental to citizens“. Gan of course could not reply to some in the face questions, eg why did MOH purchase paracetamol at overinflated prices? On the polyclinic bill, the full amount of paracetamol was “$5.29” vs...
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