#贾康: The personal tax threshold suddenly mentioned that 10,000 is not feasible# In the post-epidemic era, countries around the world are facing financial constraints, and even Singapore, a "legal tax haven", cannot sit still and began to raise taxes. On January 1 this year, Singapore raised its GST tax for the first time in 15 years, from 7% to 8%, with plans to raise it further to 9% in 2024.
To a certain extent, the increase in consumption tax has induced a rush to buy, and everyone rushed to buy more things before the tax increase and price increase, and even couples proposed marriage in advance.
Don't underestimate the tax rate of this point, and don't think that Singapore is a developed country, people don't care about this little bit of "small money". In fact, most of them are ordinary employees, and they need to be careful in their lives, and the impact of a one-point increase in tax rates is real.
The Singapore government has responded to the call of the people by tilting the new budget towards low- and middle-income earners, providing them with more subsidies. At the same time, in order to achieve a balance of income and expenditure, the Singapore government decided to raise taxes on the rich, make the more capable wealthy pay more taxes, raise the personal tax rate for the rich, raise the luxury house, luxury car tax, etc.
The logic behind these measures in Singapore is "helping the poor and helping the poor", which to put it bluntly, is actually "robbing the rich and helping the poor".
At the same time, last year, Lawrence Wong, Singapore's current Deputy Prime Minister and Minister of Finance, also said that "five aspects are considered to increase taxes on the rich, including restarting inheritance tax, imposing capital gains tax, introducing wealth tax, reducing charitable tax incentives, and so on." "There is no doubt that these measures will undermine Singapore's original spirit of embracing wealth, its economic freedom and global competitiveness." If nothing else, just the inheritance tax, if Singapore was a country with inheritance tax before, would the world's rich people choose Singapore as an immigration destination? And if Singapore does that, it could be an opportunity for Hong Kong or Chinese mainland city.
