IDEAS has proposed a tax reform that focuses on pairing imposition of indirect taxes like GST and capital gains tax with a reduction in direct taxes like income and corporate tax. While this may temper consumption, it has the effect of increasing savings, leading to higher levels of investment which is what the country currently needs.

Presented by: Lyn Mak, Wong Shou Ning, Julian Ng

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  Investments

Tags:  tax reform,  GST,  SST,  capital gains tax,  income tax,  consumption,  savings,  counter-cyclical,