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Top News this Week (21 Nov)
By Financial Horse  •  November 21, 2021
Rounding up top investing articles from around the web, including articles shared in our Facebook Group and Reddit Community: r/SingaporeInvestments. Singapore wealth tax ‘not so easy to implement’: PM Lee (Business Times) PM Lee Hsien Loong said that efforts to ease inequalities through wealth taxes face challenges including ensuring fairness and risks to the city-state’s competitiveness. For Singapore, the issue of wealth taxes has been woven into a broader political debate over immigration and the widening wealth gap. “You tax consumption, you tax income, you tax savings. And you should tax wealth, whether wealth in the form of property, ideally wealth in other forms.” However, he said, finding effective ways to tax other forms of wealth is “not so easy to implement”. Retired hawker wins million-dollar condominium unit in Lazada’s grand draw (Straits Times) When retired hawker Chow Meng Cheng spent about $3...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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