SINGAPORE (Feb 11): There are few issues that unite most wealth managers, investment bankers and economists as strongly as their collective resistance towards the implementation of a wealth tax in Singapore — whatever form it may take. The argument goes: To court businesses and talent, as a small city state, Singapore has to stay attractive. Among other things, low corporate and personal income taxes are forefront attractions. And, a big part of Singapore’s success is due to its being where the wealthiest people in the region come to park their assets.

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