Recently there has been much discussion in Singapore about Budget 2023. There have been recent debates by various MPs on the various measures implemented, with DPM Wong highlighting it is a delicate balancing act amid a tight fiscal position. He explained in Parliament how the Finance Ministry planned to balance the Government’s books while responding to MPs who had called for more cost-of-living support or more help for certain groups or areas. Now, wouldn’t it be great if there is one more avenue that tax revenue can be raised? In fact, we need to look no further than our neighbour across the causeway, Malaysia. Well, should it then be if we can’t beat them, earn from them? On 24 Feb 2023, Malaysia Prime Minister Anwar Ibrahim unveiled an expansionary 2023 budget of RM388.1 billion (US$87.50 billion), the largest in the country’s history. Likewise (to Singapore), he announced a slew of measures aimed at lowering the cost of living amid high inflation as...