MP Jamus Lim proposes wealth tax of 0.5% to 2% on Singapore's richest
SINGAPORE - Workers' Party MP Jamus Lim (Sengkang GRC) has proposed imposing a wealth tax of 0.5 per cent to two per cent on the most wealthy here, saying that it could help diversify Singapore's revenue sources and also reduce income and wealth inequality. While Singapore's overall tax system may be progressive - with the rich taxed much more than...