Singapore RICH CHinese cut back on luxury
#1

https://www.facebook.com/bloombergbusine...xdc5d5UArl
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#2

TS stupid hor sg on money laundering Eye open big big must cut back hor or die die pain pain
https://media.tenor.com/fj_PHHRv6wgAAAAM/stupid.gif https://media.tenor.com/dIOOnR-HKuQAAAAM...amelia.gif https://media.tenor.com/CFVIVCpjT9MAAAAM...-laugh.gif https://media.tenor.com/-bWE2E_hsl4AAAAM...ughing.gif
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#3

(21-07-2024, 01:38 PM)Omnipresent88 Wrote:  TS stupid hor sg on money laundering Eye open big big must cut back hor or die die pain pain
https://media.tenor.com/fj_PHHRv6wgAAAAM/stupid.gif https://media.tenor.com/dIOOnR-HKuQAAAAM...amelia.gif https://media.tenor.com/CFVIVCpjT9MAAAAM...-laugh.gif https://media.tenor.com/-bWE2E_hsl4AAAAM...ughing.gif

Obviously mah, go buy so many condos, landed house, flashy cars, etc will trigger authority fast check these rich is it their money is legit earn or not , Lastly got pay taxes or not. Nevertheless SG Taxes on the ultra rich STILL LOW rah than compare with USA and China.
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#4

https://www.facebook.com/bloombergbusine...acA6RFjsWl
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#5

(21-07-2024, 01:40 PM)[[ForeverAlone]] Wrote:  Obviously mah, go buy so many condos, landed house, flashy cars, etc will trigger authority fast check these rich is it their money is legit earn or not , Lastly got pay taxes or not. Nevertheless SG Taxes on the ultra rich STILL LOW rah than compare with USA and China.

If more wealthy foreigners see S'pore has their tax haven, they will buy up freehold land and cars after obtaining their SG citizenship, causing prices for both to shoot up. Business costs will increase with the rise in rents, resulting in goods and services becoming even more expensive for everybody.
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#6

The idea of cutting back on luxuries for the rich in SG is reducing their fleet of luxury cars from 10 to 8 vehicles. LOL! 
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#7

(21-07-2024, 03:43 PM)EvertonDiehard Wrote:  If more wealthy foreigners see S'pore has their tax haven, they will buy up freehold land and cars after obtaining their SG citizenship, causing prices for both to shoot up. Business costs will increase with the rise in rents, resulting in goods and services to be even more expensive for everybody.

isn't already happen? Last know from TKL , he claim show his friend just a small factory in JTC industry park out up to MY. Due to increase rental. Just like coffeeshop. Because the rich willing to pay more take over thus monkey see monkey do thus now Hawkers have to endure high rental in return who suffer? Consumers as usual pay the bill to feed the rich .

I not against the rich. They are so call provide you a job, help economics etc but problem is GREED Become NO limit. You are a rich person but see other rich person getting richer so you also wanna be richer too.

High level are upgrading themselves so call wanna get even more richer

the low tier people also upgrading themselves wanna get rich
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