Singapore Raises Wealth Taxes, GST To Chart Post-Covid Future

Lee Ju Ye, Economist, Maybank Investment Bank

21-Feb-22 07:30

Singapore Raises Wealth Taxes, GST To Chart Post-Covid Future

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Singapore has unveiled its budget for the year last Friday and it plans to boost income and property taxes, also GST to hike over 2 years, amongst other things being announced. But will the budget be able to address the rising inequality in Singapore as well as restore its coffers sustainably? Lee Ju Ye, Economist, Maybank Investment Bank shares her thoughts on this. Image credit: EPA-EFE

Produced by: Sim Wie Boon

Presented by: Wong Shou Ning, Shazana Mokhtar, Tan Chen Li

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Categories: trends and forecasts

Tags: singapore, budget 2022, taxes, economic inequality,

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