Time to consider a wealth tax for S'pore

Fiscal sustainability and fairness are some reasons for revisiting the tax mix

Prudence, discipline and fairness have been the hallmarks of fiscal management in Singapore.

However, Covid-19 has massively tipped the budget balance into unprecedented negative territory, with the country registering a record overall deficit of 13.9 per cent of gross domestic product (GDP) last year.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on September 14, 2021, with the headline 'Time to consider a wealth tax for S'pore'. Subscribe