Reasons for Raising Tax
At this moment, there are only two main reasons I can see for PAP's intention to raise tax. One, the unreliable investment returns from Temasek Holdings and GIC due to their past risky bets made in 2008 financial crisis. At most half of the investment returns from our SWF could be put into PAP government's annual budget. However,...
Why Jolovan Wham kanna whack?
Wham was charged with seven charges by the Attorney-General’s Chambers which include three counts of organizing a public assembly without a police permit and one count of vandalism for sticking two A-4 paper on a MRT train. Details: [ LINK ] “Wham is recalcitrant and has repeatedly shown blatant disregard for the law,...
Should we bring back estate duty?
On 19 November 2017, Prime Minister Lee Hsien Loong announced that the PAP Government is planning to increase taxes. His announcement fuelled wide speculation of an imminent hike in Goods and Services Tax (GST). GST is a tax on domestic consumption. The tax is paid when money is spent on goods or services, including imports....
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