Tag: tax

Singaporeans want tax increases to be used to fund govt initiatives on climate change : Survey

In a climate change survey conducted by Mediacorp, a majority of Singaporeans and PRs (53 percent) called for the use of current and future taxes to fund initiatives to tackle climate change. 96 percent of respondents indicated they either “agree” or “strongly agree” that the...

Najib faces bankruptcy, loss of Parliamentary seat on tax evasion

Malaysia's ex-PM Najib Razak risks losing his Parliamentary seat and will be declared bankrupt if he fails to pay his taxes. But Najib said he has always paid his taxes. “I’ve never run away from paying taxes,” the former prime minister said in a post on...

G20 countries see internet giants as new tax source: Nikkei

G20 countries are planning a new tax policy for digital giants like Google, based on the business a company does in a country, not where it is headquartered, the Nikkei business daily said Thursday. The basic policy is likely to be signed by finance ministers...

Sarawak pulls out of Tourism Malaysia over tax insults

Yet another sign of split and disagreement under Prime Minister Najib Razak's rule. The Sarawak government has simply pulled its representative from the board of Tourism Malaysia. A statement from the Sarawak Chief Minister's Office stated the pullout was with immediate effect. Sources said the pullout followed a barrage of...

CPF: Where is the government’s contribution?

By Kumaran Pillai The CPF scheme is an implicit and regressive form of taxation, especially for the poor and the middle class. Those with substantial cash reserves are least affected by the minimum sum policy. For cash-rich Singaporeans, they have better investment options which yield better...

Are We Too Disapproving?

So the recent news about the new types of equipment to deal with smoke and fuel have made an old hawker centre rule somewhat redundant. Environment Minister Dr Vivian Balakrishnan has rightly asked for the scrapping of the National Environment Agency rule. But what...