The overall tax system should be “fair and progressive, that those with the means are able to pay more,” Finance Minister Lawrence Wong told Bloomberg Television’s Haslinda Amin when asked about a possible wealth tax.
SINGAPORE: Singapore’s finance minister said yesterday that any form of wealth tax should fit into the nation’s progressive tax system, stressing that discussions on such a move are premature amid a recent debate over inequality and revenues.
The overall tax system should be “fair and progressive, that those with the means are able to pay more,” Finance Minister Lawrence Wong told Bloomberg Television’s Haslinda Amin when asked about a possible wealth tax.
“And I think in that context, any form of wealth tax will fit into that broader system.”
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