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22-11-2017, 03:39 PM
Singapore to Ensure Rich Pay More in Tax Regime, Rajah Says
By Michelle Jamrisko
November 22, 2017, 4:00 AM GMT+8 Updated on November 22, 2017, 11:38 AM GMT+8
Singapore will ensure its tax system is based on “solid” economic performance and the principle that higher income earners pay more, a senior government official said, after the prime minister signaled that the nation needs to prepare for tax increases.
“It must be all based on solid economic activity,” Indranee Rajah, senior minister of state for law and finance, said in an interview on Tuesday. She assessed that Singapore’s economy is "absolutely" in such a state now.
Singapore’s growth probably reached an almost four-year high of 5 percent in the third quarter, according to a Bloomberg survey ahead of a report due Thursday. Prime Minister Lee Hsien Loong said this week that 2017 growth could exceed 3 percent, higher than previously projected.
More details in https://www.bloomberg.com/news/articles/...ister-says
By Michelle Jamrisko
November 22, 2017, 4:00 AM GMT+8 Updated on November 22, 2017, 11:38 AM GMT+8
Singapore will ensure its tax system is based on “solid” economic performance and the principle that higher income earners pay more, a senior government official said, after the prime minister signaled that the nation needs to prepare for tax increases.
“It must be all based on solid economic activity,” Indranee Rajah, senior minister of state for law and finance, said in an interview on Tuesday. She assessed that Singapore’s economy is "absolutely" in such a state now.
Singapore’s growth probably reached an almost four-year high of 5 percent in the third quarter, according to a Bloomberg survey ahead of a report due Thursday. Prime Minister Lee Hsien Loong said this week that 2017 growth could exceed 3 percent, higher than previously projected.
More details in https://www.bloomberg.com/news/articles/...ister-says
Specuvestor: Asset - Business - Structure.