Media giants should exit Singapore completely
Global tech giants including Facebook and Twitter on last Thursday expressed concern about a possible Singapore plan to bring in a new law to tackle the threat of fake news, saying sufficient rules are already in place. Officials of Facebook, Twitter and Google attended a parliamentary hearing on how to counter the threat...
Increasing corporate income tax rate will reduce GLCs’ profits, GST increase preferred
Since Singapore’s corporate income tax rate is the lowest among Asean countries, raising government revenue by increasing corporate tax rate makes sense. But according to PAP, this will make us less competitive to the extent that higher costs will cause investors to flee, foreign investors would likely not consider Singapore...
Welfare for insurers (cont’d)
Here in Welfarism the PAP way I gave an example (share of taxes paid) that the PAP did welfare: corporates get welfare, not the people Here’s another: the new requirement that Integrated Shield Plans (IPs) with riders have a co-payment portion of at least 5%. When the PAP introduced this welfare scheme for insurers, a minister...
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