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Dont be a fool lah.
They have already removed the estate duty.
They will tell you the rich will run road.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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(This post was last modified: 01-05-2023, 07:17 AM by
RiseofAsia.)
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(01-05-2023, 06:37 AM)Bigiron Wrote: Is it time to reintroduce some form of inheritance tax - and could it help address wealth inequality in Singapore?
Read the commentary:
https://cna.asia/3LiDT4s
Progressive taxes are better to do rather than keep increasing regressive taxes like gst. Estate duty was removed suddenly not because of the dumb excuse that the rich will run road which they want the dumbfark to believe. There are also other progressive which they can increase but they keep dragging their feet.
(This post was last modified: 01-05-2023, 07:46 AM by
Instinct.)
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inheritance tax affected many rich and elite familee can't implement.
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MIW will say too complicated to implement but will consider maybe 100 years later
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Later, like in Japan. 33%. The properties become valueless. Mostly, did not pass through 3 generations. Most of the landlords were already dead very long ago. Nobody declares, and nobody pays the inheritance tax. The future generations continue to stay there. But if there are rich people who keep piling up, it will still rise.
(This post was last modified: 01-05-2023, 08:21 AM by
theold.)
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