WEALTH management – it is like holding a bird in hand. Held too tightly, the bird dies; held loosely, the bird flies. The world does not owe the “red dot” a living. Competition will increase for the wealth management business. Singapore has to stay ahead. Singapore’s tax framework has long been guided by prudence and balance. It has traditionally favoured consumption-based taxes such as the goods and services tax and asset-based levies such as property taxes over high direct levies on earned income. This approach encourages productivity and enterprise while ensuring those who consume more contribute proportionately more to the nation’s revenue. As Singapore matures economically, it may be timely to expand the tax base.   https://www.businesstimes.com.sg/opinion-features/sustaining-singapores-edge-global-financial-and-wealth-hub (ICE SINGAPORE)

Fonte notizia: The Business Times, 12 November 2025