Economics
Singapore to Ensure Rich Pay More in Tax Regime, Rajah Says
- Singapore sees solid economy as key tax principle, Rajah says
- E-commerce duties are a new source being studied: Rajah
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Singapore will ensure its tax system is based on “solid” economic performance and the principle that higher income earners pay more, a senior government official said, after the prime minister signaled that the nation needs to prepare for tax increases.
“It must be all based on solid economic activity,” Indranee Rajah, senior minister of state for law and finance, said in an interview on Tuesday. She assessed that Singapore’s economy is "absolutely" in such a state now.