wealth taxes

Global Economy

Briefs: Lawrence Wong signals rich have to pay more taxes; Singapore's NODX up by 7% y-o-y in July

News this week includes Trek 2000's founder pleading guilty to cheating, and more.
Analysts mixed on consumer spending, mostly negative on property developers upon introduction of higher wealth taxes - THE EDGE SINGAPORE

Budget 2022

Analysts mixed on consumer spending, mostly negative on property developers upon introduction of higher wealth taxes

The higher taxes on property, luxury cars and personal income are unlikely to impact consumer spending significantly: Maybank
Real estate sector to see little to no impact from higher property taxes: DBS and RHB - THE EDGE SINGAPORE

Budget 2022

Real estate sector to see little to no impact from higher property taxes: DBS and RHB

How will the real estate sector fare with a property tax hike?
Singapore to raise personal income tax for top 1.2% of income tax payers to 23% to 24% in 2024 - THE EDGE SINGAPORE

Budget 2022

Singapore to raise personal income tax for top 1.2% of income tax payers to 23% to 24% in 2024

Property taxes will also be increased, while luxury cars will have a new ARF tier implemented.
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