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Tag Archives: payroll tax
Why PM’s salary and ministers’ salaries so high, total some S$50m? How to depoliticise it? Salaries are up for 5-yearly review; From May 2011 and 2017, PM is paid S$2.2m annually; President: S$1.54m; Should PLCs pay S$50m by payroll tax or donations to pay ministers’ salaries? Can all the PLCs afford to pay S$50 million per year in total? WP said that they want only S$25m; Don’t use general taxation or the GST to pay them; Paying it by PLCs [not by Singaporeans] will attract less political pressure and dissatisfaction, and lessen politics of envy on the high pay issue;
========== . How to depoliticise the S$50m? Solutions? WP has declared in Parliament that they can do the job for half the amount, S$25m. Will 25 be better than 50 in reducing the political pressure by half? Will reducing it … Continue reading
Posted in Budget 2014, Business, Finance, and Scams, Corruption, Economy; Perfect Economic Storm? When?, Government, Govt's Budget, Lee Kuan Yew's Legacy [His life 1923-2015], National Day Rally - new policies and strategies, Politics, Socialistic Policies, Taxation
Tagged 2014 Budget, Govt's Budget, ministers' salaries, payroll tax, taxation
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Wealth Tax – high direct income tax will cause ‘Wealth Flight’; A deterrence: 35% stamp duty on Living Trust; Bring back Estate Duty tax? Basic standard of living; Solutions? 3% Sales Tax on expensive and branded goods? Or, bring back Payroll Tax to set up a Workfare Income Supplement Fund? Depoliticise – have a fund to pay ministers’ salaries? Have mortgage tax as another form of wealth tax on the rich;
============= . Where should the money, the funding come from? We should not have direct wealth tax as it will drive away wealth. Solutions? ================= . Wealth tax will drive away wealth. We have indirect consumption tax on wealth. We … Continue reading
Posted in Business, Finance, and Scams, Cost of Living & Retirement Adequacy, Economy; Perfect Economic Storm? When?, Government, Govt's Budget, GST, HDB Public Housing; affordability; EIP policy; and resale prices;, Politics, Properties, Social issues, Socialistic Policies, Taxation, Transport, Workfare income supplement; Progressive Wage Model
Tagged income gap, lim chong yah, ministers' pay, payroll tax, Workfare income supplement; Progressive Wage Model
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