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Populist policies will lead to higher taxes: DBS chief Piyush Gupta
Piyush Gupta says lack of job creation and retirement savings fuelling anger, populism
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Widening income inequality across the world will keep the debate on hiking wealth taxes and estate duties on the boil, according to the chief executive of DBS Banking Group.
Rising Gini coefficients across the world amid a lack of job creation and retirement savings may continue to fuel civil unrest in some countries and influence the global economic policy debate on distribution of wealth, said DBS chief Piyush Gupta yesterday.
