Clarifications on Corporate and Wealth Taxes, and Land Sales in Reserves

Assoc Prof Jamus Jerome Lim (Sengkang): Thank you, Speaker. I thank the Minister for his stout and robust defence of the need to raise GST. I have three clarification questions with regard to three separate areas. The first has to do with corporate taxation. And the question is, whether the Government plans to subscribe toContinue reading “Clarifications on Corporate and Wealth Taxes, and Land Sales in Reserves”

COS 2022: Toward a Digital Sing Dollar

Assoc Prof Jamus Jerome Lim (Sengkang): Sir, MAS has already expended significant effort and resources to better understand the nature, function and practical operations surrounding the possibility of a digital currency issued by our central bank. Based on public documents issued by the Economic Policy Group, the conclusion is, to somewhat over simplify that SingaporeContinue reading “COS 2022: Toward a Digital Sing Dollar”

COS 2022: SAF Training and Combat Readiness

Mr Dennis Tan Lip Fong (Hougang): Thank you, Mr Chairman. In the last two years COVID-19 has affected virtually all aspects of our lives. It has affected our workplaces, businesses, public offices, schools, events and many other areas. SAF and military training have not been spared too. SAF had to overcome the challenges which COVID-19Continue reading “COS 2022: SAF Training and Combat Readiness”

Debate on Annual Budget Statement 2022

Mr Muhamad Faisal Bin Abdul Manap (Aljunied): Sir, there are two parts to my speech. First, I will cover the topic of a caring and inclusive society, which I will deliver in English. For the second part, I will speak on a couple of issues related to the Malay/Muslim community in Malay. Sir, the constantContinue reading “Debate on Annual Budget Statement 2022”

Workfare Income Supplement

Mr Pritam Singh (Aljunied): Thank you, Mdm Deputy Speaker. Let me just deal with some of the points raised by the Minister for Manpower. I take his point with regard to the number of workers who could be affected by the changes to the Workfare Income Supplement that a more accurate number would be 20,000,Continue reading “Workfare Income Supplement”

Debate on Annual Budget Statement 2022

Ms Sylvia Lim (Aljunied): In the concluding paragraphs of the Budget Statement, the Finance Minister highlighted how various sectors of Singapore society rose to the challenges posed by the COVID-19 pandemic. He applauded the Singapore spirit, as seen from frontline workers to those who set up community care facilities to the footballers and fans at theContinue reading “Debate on Annual Budget Statement 2022”

Clarification on Net Investment Returns Contributions

Mr Leon Perera (Aljunied): Thank you, Mdm Deputy Speaker. Just a very quick clarification. I thank Mr Xie Yao Quan for his speech. I just wanted to ask a clarification on one point. Mr Xie said that we seek to leave behind something for the next generation and he spoke about the NIR ceiling, andContinue reading “Clarification on Net Investment Returns Contributions”

Clarification on Approach to Raising Revenue

Assoc Prof Jamus Jerome Lim (Sengkang): Thank you, Mdm Deputy Speaker. I just wanted to clarify a few points. And I understand that by peppering Minister Tan with more questions, we might end up making him yet more thirsty, but it is important, I think, to get some of the points that we made right. IContinue reading “Clarification on Approach to Raising Revenue”

Debate on Annual Budget Statement 2022

Mr Dennis Tan Lip Fong (Hougang): Mr Speaker, Budget 2022 is a step in the right direction, in many ways. Even as the Workers’ Party disagrees with the key proposal of the GST hike. In my speech, I would like to talk about a carbon tax, our transitions in the petrochemicals and industry and transport, beforeContinue reading “Debate on Annual Budget Statement 2022”

Parliament: Budget 2022 Speech

Introduction Mr Speaker, what caught my attention about the Budget speech was the Minister for Finance’s characterisation of the Budget as a first step to renew and strengthen Singapore’s social compact towards a fairer, more sustainable and more inclusive society. The Workers’ Party agrees with this important direction in pathfinding the way forward for ourContinue reading “Parliament: Budget 2022 Speech”