Not for love of money, but of Humanity. "Greater is he who works for the good of all, then he who works for the good of himself only" ~ Matthew 25:40: "The King will reply, 'I tell you the truth, whatever you did for one of the least of these brothers of mine, you did for me.'"- (NIV). I live in Singapore where the Emperor must not be disturbed.

Monday, February 28, 2011

Levies to force people to be more productive at work, more time for govt to dawdle wrt to problem of low birth rate.

Levies to force people to be more productive at work; more time for govt to dawdle on problem of low birth rate.
He said in ST today we can't do it the Nordic way because their higher birth rates are due to births outside of marriage. Since it's not socially acceptable here and more people are singles, that's why we have declining birth rate. ...

Sunday, February 27, 2011

Does the PAP impose partisan loyalties amongst civil servants in its quest to 'fix the opposition'?

Although the website of the Public Service Division (PSD) PSD (Role)> Nurturing Talent> Progressive Policies [link][archive] states "Remaining completely neutral in all political matters and matters of public controversy" as part of the "principles of incorruptibility, integrity and propriety" that the civil service abides by, it remains doubtful if the PAP government really respects this rule/ distinction.

Wednesday, February 23, 2011

Re: "Ministers have the power to make rules"

Quote:
Originally Posted by workingtoohard (13-01-2011, 07:02 AM) View Post
Re: Did Mr MBT do a 'WikiLeaks' to Mr Eric Low (10/2009) too?
that's like saying every employee should be arrested for knowing about company news before it is released publicly? seriously, you're grasping at straws here. oh and not to forget, ..

Tuesday, February 22, 2011

An annual 'Cohesion dividend' for all Singaporeans

In regard of the new Singapore government foreigner levy increase/ bonanza just round the corner: 'Foreign worker levies to increase, says MOM' [CNA, 21Feb2011], my approximate calculations detailed in 'Singapore government- the new slave trader on the block' [HWZ, 22Feb2011] approximate the amount for collection to be $5,259,240,000.

Why not scrap this bureaucratic rigmarole an standardize the levy amongst all foreigners working here?

Singapore government plans $5.26B tax bonanza from new foreign worker levy rates.
...
Total foreign worker employment levies collected (new levy rates) = $1,651,680,000 (WP-cons) + $511,560,000 (WP FDW) + $2,587,620,000 (WP- svc+mfc) + $508,380,000 (S-pass)= $5,259,240,000.

Same calc, minus the FW levy rate increases.

Singapore government plans $5.26B tax bonanza from new foreign worker levy rates.
...
Total foreign worker employment levies collected (new levy rates) = $1,651,680,000 (WP-cons) + $511,560,000 (WP FDW) + $2,587,620,000 (WP- svc+mfc) + $508,380,000 (S-pass)= $5,259,240,000.

Singapore government plans $5.26B tax bonanza from new foreign worker levy rates.


Collecting from the Singapore economy approx $5.26B in foreign worker levies, I think that the Singapore government is planning for a grand government revenue bonanza next year.
 Perhaps besides operating like a jack-pot machine to all Singaporeans, the Singapore government is now also venturing into slave trade too!

Budget 2011- flawed, clumsy and all much too prejudiced

Budget Revenue wise:
  • 'Tax loopholes in SG that allow the cunning to CHEAT SUBSTANTIALLY on personal income': "... a tax consultant Mr X usually earn SGD680k p.a. can very easily reduce his income tax burden (YA2010) of $114.7k (tax table [IRAS]) to ZERO...".[A1, 20Feb2011]- discussed at link.

Monday, February 21, 2011

Inix: Do U hold private interest in supporting such harebrained MOF/ IRAS policies that allow the ..

Re:Tax loopholes in SG that allow the cunning to CHEAT on personal income taxes.
Inix: "I suggest you actually research or have a look at whats going on outside in the world ..."
Psst, you have misread my response as I have NOT touched upon the issue of capital gains from business mainly derived elsewhere (i.e. in another country).
...

".. the Singapore government is no friend of the poor nor the honest as it creates more and more .."

Re: To BirdbrainZ: And what substance do you currently have bolster this assertion?
The substance you seek has been given by another user on a different forum at the link #1 and the source of which has also been provided in link #2.
1. http://buses.sgforums.com/forums/10/.../423349?page=1
2. http://www.iras.gov.sg/irasHome/page..._New_Companies

Is the ruling govt at a loss of ideas about how to grow the economy that it has since decided to (irresponsibly) use headline grabbing corporate tax rates towards grabbing foreign investments?

Quote:
Originally Posted by workingtoohard View Post
Re: Singapore Tax loopholes (income, GST) that open the Pandora's box of human evil
Quote:
Company convicted for abuse of tax exemption scheme for Singapore start ups (July 15,2010)
According to the Inland Revenue Authority of Singapore’s website,
Alphalog set up Vida Enterprise Pte Ltd (“VEPL”) in May 2004. VEPL had no employees except for the directors of Alphalog. In order to take advantage of the tax exemption scheme for newly set-up companies,

diesopain: "The One for all,All for one rule doesn't apply to this issue."

Quote:
Originally Posted by diesopain View Post
Re: Singapore Tax loopholes (income, GST) that open the Pandora's box of human evil.
The One for all,All for one rule doesn't apply to this issue. So what corporate taxes increases, will it bring down Income Taxes? 0.0 it doesn't work that way because corporate is corporate and income tax is income tax there is no link between both of them.Unless you are telling the government to make corporate pay more taxes so that the government will reduce income tax which is very unrealistic because they can just increase corporate taxes and income tax remain the same level.Which means a cut in your Pay

.. pushing the envelope of economic gain to the detriment of society at large

Re: 'Tax loopholes in SG that allow the cunning to CHEAT on personal income taxes.'
This is not a loop hole but a policy decision. Anyone can make use of this known feature of our tax code.
 I believe there are more who use shell company to fund lifestyle than those who use shell company to pay them dividend...

Sunday, February 20, 2011

Singapore Tax loopholes (income, GST) that the rich dance circles around

Singapore Tax loopholes (income, GST) that the rich dance circles around
 - Regarding personal income taxes:
"Singapore follows a progressive tax rate starting at 0% and ending at 20% above S$320,000": ['Singapore Personal Income Tax Guide' (link)].
 - Regarding Corporate taxes:
'Corporate Tax Rates'

Tuesday, February 15, 2011

In life, one can never be too dependent on blind loyalties.

In life, one can never be too dependent on blind loyalties.

it seems that politicians and soldiers got no loyalty
referrin to the upheaval in n.africa and middle east
at the first sign of troubles, politicians seek distance themselves from their leader.
armies suddenly turn the barrel against their commander.
did the politicians and generals forgotten about which is the pair of hands that have been feeding them and giving them the privilege?

Singapore: The state church of mammon.

Singapore: The state church of mammon.

Are MaLay MPs solely responsible for the Malay community??
Can PAP Malay MPs please explain what progress they have made in Malay youths’ education? TR:10Feb2011.
... Contrary to Singaporeans’ claims that only PAP MPs can do better a job in government, this does not seem to support such wild claims. In fact if Singaporeans are right that there are no politicians other than those in PAP who can do a better job, then going by the efficiency and effectiveness of these Malay MPs clearly indicate Singapore is in serious trouble.
http://www.temasekreview.com/2011/02...ths-education/

A Singapore divided is a Singapore for sold. We must strive not to let this happen too soon.

A Singapore divided is a Singapore sold. We must strive not to let this happen too soon.

Why ppl want to vote for the opposition now?
Due to my lack of interest in newspapers/politics, i am still wondering why everyone is so unhappy with the PAP and want to vote for the opposition now. are they corrupted or what? please enlighten me and maybe give a few examples of why ppl think they are corrupted...
thanks!

Is LHL as chair of the PA 'illegal'? Shouldn't the PA be classified as political association too?

Is LHL as chair of the PA 'illegal'? Shouldn't the PA be classified as political association too?


By S Ramesh | Posted: 14 February 2011 1621 hrs
SINGAPORE: The Online Citizen is not a passive website which simply hosts social or political commentaries by individuals, says Law and Home Affairs Minister K Shanmugam.
http://www.channelnewsasia.com/stori...110648/1/.html

The financial polarization within SG society cannot be good for the long term stability of SG.

The financial polarization within SG society cannot be good for the long term stability of SG.


Is singaporean really that poor?
ok , lets ask ourself here.
I noticed many singaporean keep complaining don;t have enough money.
foods is expensive.
but yet quite alot able to afford go hoilday , eat at fine resturants , buy car or change new model.
I can sense our problem just like china?
in fact this problem happen in all cities in every countries.
one group of people enjoy good lifestyle whereas another group of people dream about it?

Saturday, February 12, 2011

A fairer distribution of proceeds from the en-bloc process.

A fairer distribution of proceeds from the en-bloc process. - 12Feb2011, 09:48 AM

An updated response to: 'Tax en bloc speculators too' (original response at [link])
For those living in older estates where en bloc is probably an eventuality, but have hesitations about an en-block (familiarity with e vicinity, want to return to old location, afraid of escalating ppty price that had resulted in "I had to downgrade to smaller flat with lower quality of life" (6Feb2011)[alt link]), I've 2 suggestions:

Re: '(WHEN ESTATE UPGRADING IS THWARTED BY...) En bloc roadblocks'

Response to:
'(WHEN ESTATE UPGRADING IS THWARTED BY...) En bloc roadblocks' (ST forum: 10Feb2011)][link]
My response:
biccherry1; 12Feb2011, 07:16 AM
Worst are those who use EB primarily for profit.They sneer at unit replacement schemes that favor owners of only one home.

In the context of Justice in Singapore, it seems much the case of 'might makes right'.

Ref:
LawSoc travel perks dispute: Let's talk, say parties [TDY, 11Feb2011 ]
In the context of Justice in Singapore, it seems much the case of 'might makes right'.