#SGBudget2022: More taxes for the rich, continued support for lower-wage earners, to build a more 'inclusive' society - The Independent Singapore News

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

SGBudget2022: More taxes for the rich, continued support for lower-wage earners, to build a more 'inclusive' society - The Independent Singapore News

is about charting our new way forward together. It is a first step in renewing and strengthening our social compact for a post-pandemic world, and in realising our vision of a fairer, more sustainable, and more inclusive society.He outlined the following “key” changes he said Singapore must make: Invest in new capabilities, advance our green transition;

As for taxes, Mr Wong announced that the carbon tax will be raised to $25 per tonne in 2024 and 2025, and $45 per tonne in 2026 and 2027, with a view to reaching $50 to $80 per tonne by 2030.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Budget 2022: Higher taxes for top tier earners, high-end properties and luxury carsSINGAPORE: Singapore will be raising the personal income tax rate for top-tier earners, alongside adjustments to property taxes and an additional levy on luxury cars. These new taxes are part of “major enhancements” to Singapore’s tax regime announced by Finance Minister Lawrence Wong in his Budget 2 Budgets Last 10 years or so , invited and granted citizenships to the new rich from around the world , now it time for them to pay back .... anyway for them those taxes is peanuts to them .... small change The direction have changed.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

From a GST hike to CDC vouchers: 9 things you need to know about Budget 2022SINGAPORE: An anticipated hike in the Goods and Service Tax (GST), as well as higher CPF contributions for older workers, were among the key announcements by Finance Minister Lawrence Wong in his Budget 2022 speech on Friday (Feb 18). Delivering his first Budget statement, with the theme “chart
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Budget 2022: Social services to be integrated to more effectively help lower-income familiesSINGAPORE: Social services will be integrated to help uplift lower income families “more effectively”, Finance Minister Lawrence Wong said in his Budget speech on Friday (Feb 18). This involves taking a family-centred approach to address each family’s challenges so they can keep their situation stabl
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »