#SGBudget2022: A politically-safe step in the right direction
#BTOpinion: "What was missing from our expectation was a separate band for property owned by non-residents -- our beef being that non-residents wishing to park their money in the relative security of Singapore's real estate sector should be asked to pay a premium for the pleasure, particularly if the property they have bought is being left empty and contributing nothing to the economy. Also notable was the body-swerve given to the introduction of a capital gains tax for residential investment property, a clear proxy for wealth."
Grant Thornton Singapore's head of tax David Sandison weighs in on this year's Budget, which he describes "not enough to be regarded as avant garde or radical":
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