Like many jurisdictions, the widening wealth inequality, together with the depletion of government reserves as a result of the COVID-19 pandemic, has propelled discussions on wealth taxes in Singapore.
Our Private Wealth Partners Sim Bock Eng and Aw Wen Ni recently co-authored an article that explores the implementation of wealth taxes in Singapore. In the article titled “A Wealth Tax For Singapore?” published on IFC Review, our Partners share detailed insights on how Singapore levies taxes on the wealthy as well as the effectiveness and implications of introducing a wealth tax in Singapore. To find out about our Private Wealth Practice, click here.
The original article was first published on IFC Review here.