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No easy matter finding right mix of tax tools to achieve S'pore's objectives
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With much of the wealth in Singapore, and Asia, tied to property, the question arises as to whether such taxes can target gains on high-end fixed assets.
ST PHOTO: JOYCE FANG
SINGAPORE - A lot of ink has been spilled discussing the potential taxes in the upcoming Budget and what it could mean to the average Singaporean.
Given that inflation is of concern, with rising Electronic Road Pricing rates, utility bills and taxi fees, there is understandable consternation about the inflationary impact of the tax changes that Finance Minister Lawrence Wong is expected to unveil on Friday.
