Other countries, including Japan, have duplicated the Republic's integrated resorts model - except in tax. Their taxes are much higher, even with recent moves here to raise rates. Will Singapore's $9 billion bet on better tourist facilities to boost its coffers pay off?
Legalising gambling is among the most contentious Rubicons that policymakers can face.
It wreaks inevitable rifts in lawmakers' benches and can cause sweeping dissonance with the public.
A version of this article appeared in the print edition of The Straits Times on August 28, 2019, with the headline 'Singapore plays long game on IR tax'. Print Edition | Subscribe
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