Mr Chua Kheng Wee Louis asked the Deputy Prime Minister and Minister for Finance (a) whether the Government tracks wealth inequality in Singapore; (b) if so, what indicators are used to track wealth inequality; and (c) whether there is data on these indicators over the last 10 years. Mr Lawrence Wong: Wealth is difficult to track comprehensivelyContinue reading “TRACKING WEALTH INEQUALITY IN SINGAPORE”
Category Archives: Ministry of Finance
SINGAPORE’S GINI COEFFICIENT OVER LAST 10 YEARS
Mr Chua Kheng Wee Louis asked the Deputy Prime Minister and Minister for Finance over the last 10 years, what is Singapore’s Gini coefficient (i) before and (ii) after taxes and transfer, based on household income from all sources including work and non-work income, such as investments and property. Mr Lawrence Wong: The Department of Statistics publishesContinue reading “SINGAPORE’S GINI COEFFICIENT OVER LAST 10 YEARS”
LIABILITY OF INVESTORS FOR ADDITIONAL BUYER’S STAMP DUTY AND OTHER TAXES FOR OWNING MULTIPLE PROPERTIES
Ms He Ting Ru asked the Deputy Prime Minister and Minister for Finance with regard to investment products purporting to offer fractional ownership of Singapore residential properties (a) what is the Additional Buyer’s Stamp Duty (ABSD) treatment of the investment vehicle; and (b) whether the investors are liable for ABSD and other taxes associated with owningContinue reading “LIABILITY OF INVESTORS FOR ADDITIONAL BUYER’S STAMP DUTY AND OTHER TAXES FOR OWNING MULTIPLE PROPERTIES”
HOUSEHOLDS RECEIVING LOWER GST VOUCHER PAYOUTS DUE TO REVISION IN ANNUAL VALUATION OF PROPERTY
Assoc Prof Jamus Jerome Lim asked the Deputy Prime Minister and Minister for Finance (a) how many households which previously received a $500–$700 GST voucher subsequently received a lower $250–$350 payout because of the revision in the Annual Valuation (AV) of property; and (b) whether the Ministry has taken into consideration how this may potentially invalidateContinue reading “HOUSEHOLDS RECEIVING LOWER GST VOUCHER PAYOUTS DUE TO REVISION IN ANNUAL VALUATION OF PROPERTY”
PROPOSAL FOR ADDITIONAL HEALTHCARE AND OTHER BENEFITS FOR THOSE IN POST-MERDEKA GENERATION
Assoc Prof Jamus Jerome Lim asked the Deputy Prime Minister and Minister for Finance whether there are plans to define a post-Merdeka Generation who are born in the 1960s and are approaching retirement age so that they may receive additional public benefits, especially in healthcare. Mr Lawrence Wong: The Ministry responded to a similar Parliamentary Question fromContinue reading “PROPOSAL FOR ADDITIONAL HEALTHCARE AND OTHER BENEFITS FOR THOSE IN POST-MERDEKA GENERATION”
HDB FLATS WITH ANNUAL VALUE OF $13,000 OR MORE
Mr Gerald Giam Yean Song asked the Deputy Prime Minister and Minister for Finance (a) how many HDB flats currently have an Annual Value (AV) of $13,000 or more; (b) of these, how many have zero per capita household income; (c) what were these two figures in 2022 before the AVs were increased on 1 January 2023Continue reading “HDB FLATS WITH ANNUAL VALUE OF $13,000 OR MORE”
VOLUME OF DUTY-UNPAID CIGARETTES SEIZED AND INDIVIDUALS CHARGED FOR RELATED OFFENCES
Mr Dennis Tan Lip Fong asked the Deputy Prime Minister and Minister for Finance (a) in each of the last three years, what is the volume of duty-unpaid cigarettes seized; (b) what is the number of individuals charged for offences relating to duty-unpaid cigarettes and what percentage of these are foreigners; and (c) whether any furtherContinue reading “VOLUME OF DUTY-UNPAID CIGARETTES SEIZED AND INDIVIDUALS CHARGED FOR RELATED OFFENCES”
GOVERNMENT AGENCIES’ EXPENDITURE ON MANAGEMENT CONSULTANCY SERVICES
Mr Chua Kheng Wee Louis asked the Deputy Prime Minister and Minister for Finance (a) how much has (i) Ministries and (ii) Statutory Boards spent on management consultancy services in each of the last five years; and (b) what is the nature of the consultancy services provided. Mr Lawrence Wong: From CY18 to CY22, Ministries and StatutoryContinue reading “GOVERNMENT AGENCIES’ EXPENDITURE ON MANAGEMENT CONSULTANCY SERVICES”
CONSULTATIONS WITH STAKEHOLDERS FOR CLOSURE OF SINGAPORE TURF CLUB
Mr Dennis Tan Lip Fong asked the Deputy Prime Minister and Minister for Finance whether consultations were held with relevant stakeholders of the Singapore Turf Club, especially its 350 employees, before the decision was made to hold the last race in October 2024 and for the club to close by March 2027 and, if so, howContinue reading “CONSULTATIONS WITH STAKEHOLDERS FOR CLOSURE OF SINGAPORE TURF CLUB”
BACKGROUND CHECKS ON FOREIGN NATIONALS BEFORE THEY SET UP SINGAPORE COMPANIES
Mr Gerald Giam Yean Song asked the Deputy Prime Minister and Minister for Finance (a) what background checks are undertaken on foreign nationals before they are allowed to set up Singapore companies; (b) how does ACRA verify whether these companies’ activities are in line with what their directors declared when they were seeking incorporation; and (c)Continue reading “BACKGROUND CHECKS ON FOREIGN NATIONALS BEFORE THEY SET UP SINGAPORE COMPANIES”
Office of the Leader of the Opposition 