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Will Singapore levy a property-related 'wealth tax' at Budget 2022?

Some form of wealth tax looks to be on the cards at Singapore's upcoming Budget 2022, and watchers believe it is likely to be related to property.

With property ownership seen as a "driver of wealth" in Singapore, such taxes could also rein in property prices and prevent the younger generation from being priced out of the property market, KPMG tax partner See Wei Hwa said.

https://bt.sg/JXBV

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