Will the last US MNC leaving China switch off the lights?
Further to Apple planning to leave China with help of Taiwanese Foxconn, big US MNCs such as HP, Dell, Microsoft and Amazon are looking to shift big amounts of their production out of China, says the Nikkei Asian Review. The potential exodus reveals how the US-China tech war is accelerating the already underway cost-push migration...
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...
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