Commentary

No easy matter finding right mix of tax tools to achieve S'pore's objectives

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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.