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Singapore Minister Frowns On "Counterproductive" Tax Moves - Report

Editorial Staff

18 November 2021

Singapore’s finance minister Lawrence Wong appeared to have pushed back against the idea of a wealth tax when questioned about tax changes by the financial services sector in the Asian jurisdiction.

When considering tax changes,the government needs to understand that wealth is mobile and can be moved rapidly, the Straits Times of Singapore noted in its interview with Wong.

"And so, if you're not careful, you , who had filed a motion on taxation.