Singaporeans enjoy very low tax rates compared to other nationals?
The government likes to say Singaporeans enjoy very low tax rates compared to other nationals. But, is it true? A FB friend compared the taxes that citizens from Singapore and Finland pay in their respective countries. (See Daniel Yap’s post below) The gist is that while the majority of Singaporeans pay very low income tax,...
Consider the consequences
To make a good decision, we have to consider the consequences of any action that is being proposed. For example, the ministers have instructed the mall owners to require customers to use only the main entrance to the mall. They will then be able to control the temperature taking and "safe entry" procedures. Some customers find...
Ageing population and increasing cost of medical care are not reasons to increase premiums
Ageing population and increasing cost of medical care are not reasons to increase premiums. They are excuses. When CPF Board, in consultation with MOH, first calculated how much premium to collect, it had to base it on a set of assumptions. It would have included the demography of the population, number of claims, average bill...
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