Singapore Raises GST to 9%

The video discusses Singapore's competitiveness, emphasizing that the country competes on value rather than cost or tax alone. It highlights Singapore's strong position in various indicators, including the Bloomberg Innovation Index. The discussion also covers the importance of tax relativity and maintaining competitiveness in the global market. The video further explores the government's approach to property tax, focusing on progressivity and an equitable tax structure, rather than merely cooling the property market.

In what ways has Singapore adjusted its tax structure for property and income taxes?

What does the additional tax on a $2,000,000 property in Singapore imply about the tax system?