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+--- Thread: Lawrence Wong declines to quantify tax incentives, citing limits (/Thread-Lawrence-Wong-declines-to-quantify-tax-incentives-citing-limits)
Lawrence Wong declines to quantify tax incentives, citing limits - Bigiron - 12-11-2024
Lawrence Wong declines to quantify tax incentives, citing limits of data and economic necessity
Prime Minister Lawrence Wong declined to estimate tax revenue losses due to concessionary corporate tax rates in response to WP MP Louis Chua’s question, citing that these incentives, aimed at attracting investment, cannot be quantified with certainty. His answer sidestepped the specific data requested.
https://www.theonlinecitizen.com/2024/11/12/lawrence-wong-declines-to-quantify-tax-incentives-citing-limits-of-data-and-economic-necessity/
RE: Lawrence Wong declines to quantify tax incentives, citing limits - Ola - 12-11-2024
"Lawrence Wong declined to estimate tax revenue losses . . . "
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Wah phiang! Means we likely lost billions that is why must hide, lor
RE: Lawrence Wong declines to quantify tax incentives, citing limits - EvertonDiehard - 13-11-2024
(12-11-2024, 05:24 PM)Ola Wrote: "Lawrence Wong declined to estimate tax revenue losses . . . "
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Wah phiang! Means we likely lost billions that is why must hide, lor
Quantifying tax incentives is politically sensitive, especially if the figures are perceived as being too high or if they are seen to benefit certain industries or companies more than others. By avoiding specific quantification, PM LW is able to mitigate potential criticism and controversy. All our politicians are not risk takers.