Monday, July 23, 2012

Tax havens

The tax havens have drawn away an estimated 40 trillion in assets that escape taxation. This is the main course of government budget deficits that have played the global economy. It also led to the wide income gap. http://www.todayonline.com/Business/EDC120723-0000020/S$40-trillion-in-hidden-assets

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3 comments:

yujuan said...

An architect who once worked for the Kuok Group and has Business Indonesian Govt connections, said that Indonesia has always been very unhappy with Singapore sheltering errant Indonesian tax refugees.
Nationalist Govt officials are waiting patiently to take action against us, waiting for our esteemed LKY to leave the mortal world first.
This shows our Southern Neighbour dun put the present PAP leadership in the eye, and they are starting action with the construction of a deep sea container port in the Rio Islands. Perhaps Temasek Holdings need to open its wallet much wider to do more charitable works there.
To take revenge, even ten years are not too late to wait, said this architect.

July 23, 2012 1:39 PM
yujuan said...

During the Asian financial crisis, many Private Banks received funding from the Suharto Administration to recapitalise their Banks, but the money were siphoned out immediately abroad, a large portion may be sent to Singapore, allowing the hollowed Banks to collapse, along with the people's savings.
This is one bone that Indonesia wan to pick with Singapore, stolen money sent to the Republic and stashed here.

July 23, 2012 1:58 PM
Anonymous said...

At Norapura Ferry Jetty (Batam, Indonesia), Sea port tax at S$4.
Ferry tacket charged at S$. Mini mart want S$.

Consumption at Turi Beach Resort (Batam, Indonesia) are charged S$.

Where the Indonesia authority and business deposit their S$?

Will their future deep sea port charge S$?

July 23, 2012 10:30 PM

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