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Property stamp duties likely to contribute more to public coffers in years to come
This will take some pressure off the need to raise taxes on personal income, corporate income and goods and services for higher government expenditure
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Predicting stamp duty collections will continue to be nebulous and tricky when market sentiments remain volatile.
ST PHOTO: LIM YAOHUI
Simon Poh
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Governments are always looking for the next tax dollar to fund society’s growing needs.
In Singapore, barring the Net Investment Returns Contribution from the reserves, the top three contributors to government operating revenue for many years have been corporate income tax, personal income tax and the goods and services tax.
