Mr Chua Kheng Wee Louis asked the Minister for Finance with regard to the raising of Additional Buyer’s Stamp Duty (ABSD) rates for second properties, whether the Government can consider granting upfront remission of ABSD for married couples with at least one Singapore Citizen spouse who is purchasing a replacement private residential property, similar to the purchaseContinue reading “PROPOSAL FOR GRANTING UPFRONT REMISSION OF ADDITIONAL BUYER’S STAMP DUTY TO MARRIED COUPLES WITH AT LEAST ONE SINGAPORE CITIZEN SPOUSE PURCHASING REPLACEMENT PRIVATE RESIDENTIAL PROPERTY”
Category Archives: Ministry of Finance
DATA ON RESIDENTIAL PROPERTY STAMP DUTIES AND ADDITIONAL BUYER’S STAMP DUTIES COLLECTED IN LAST 10 YEARS
Mr Chua Kheng Wee Louis asked the Minister for Finance in each year of the last 10 years, what is the respective breakdown of residential property stamp duties and Additional Buyer’s Stamp Duty (ABSD) that is collected from (i) Singaporeans (ii) permanent residents (iii) foreigners and (iv) entities. Mr Lawrence Wong: We are unable to provide such aContinue reading “DATA ON RESIDENTIAL PROPERTY STAMP DUTIES AND ADDITIONAL BUYER’S STAMP DUTIES COLLECTED IN LAST 10 YEARS”
GOVERNMENT’S ACTIONS FOLLOWING AUDITOR-GENERAL’S FINDINGS OF DOCUMENT ALTERATIONS AND IRREGULARITIES FOR FY2020/2021
4 Mr Pritam Singh asked the Minister for Finance (a) what action does the Government intend to take with respect to irregularities found in audited documents reported in the Report of the Auditor-General for FY2020/2021 where documents were altered, backdated, artificially created and falsified by officers across three Ministries and two Statutory Boards; (b) how many investigations haveContinue reading “GOVERNMENT’S ACTIONS FOLLOWING AUDITOR-GENERAL’S FINDINGS OF DOCUMENT ALTERATIONS AND IRREGULARITIES FOR FY2020/2021”
ERRONEOUS PAYMENTS OF CPF HOUSING GRANTS AS HIGHLIGHTED IN AUDITOR-GENERAL’S REPORT FOR FY2020/2021
Mr Pritam Singh (Aljunied): Thank you, Mr Speaker. And thank you to Minister Indranee and Minister Edwin Tong for replying my Parliamentary Questions. I have supplementary questions for Question Nos 4 and 7. For Question No 4 to Minister Indranee, this year’s AGO report was unusual in that there were a number of Ministries and StatutoryContinue reading “ERRONEOUS PAYMENTS OF CPF HOUSING GRANTS AS HIGHLIGHTED IN AUDITOR-GENERAL’S REPORT FOR FY2020/2021”
COS 2021: Additional Buyer’s Stamp Duty Remission for Married Couples
Mr Chua Kheng Wee Louis (Sengkang): Chairman, with a 9% increase in private residential volumes in 2020 despite the absence of foreign buyers and despite COVID-19, the Singaporean aspirations of upgrading from public to private property is stronger than ever. Aspirations for better housing is particularly pertinent for residents aged 35 and below, with 73% aspiringContinue reading “COS 2021: Additional Buyer’s Stamp Duty Remission for Married Couples”
COS 2021: Sovereign Wealth Funds and Green Investments
Mr Leon Perera: Mr Chairman, I am heartened by the growing passion and quality of debate inside and outside this House regarding our climate challenges. Our sovereign wealth funds as global players should rightfully play a leading role in the effort to decarbonise. We could kickstart this by having our Sovereign Wealth Funds (SWF) adopt theContinue reading “COS 2021: Sovereign Wealth Funds and Green Investments”
COS 2021: Reserves Draw-downs
Mr Leon Perera (Aljunied): Mr Chairman, the reserves consist of various classes of assets held by Temasek, GIC and the MAS, if we are to exclude land banks. During typical economic crises some asset value such as equities may fall on the whole. This is fairly typical. If a result draw-down is financed by liquidating assetsContinue reading “COS 2021: Reserves Draw-downs”
COS 2021: Performance of Sovereign Wealth Funds
Mr Leon Perera (Aljunied): Mr Chairman, Temasek and GIC, no doubt compare their performance against various global market indices and other standards of performance internally. It would be useful for these Sovereign Wealth Funds (SWFs) to publish these comparisons in the analysis for the reasons for better assessment of their performance. In fact, it wouldContinue reading “COS 2021: Performance of Sovereign Wealth Funds”
COS 2021: National Research Foundation
Mr Leon Perera (Aljunied): The National Research Foundation is responsible for directing a huge amount of Government spending. The Research Innovation and Enterprise RIE 2025 Plan announced in December 2020 plans for investments of $25 billion between 2021 and 2025. In other countries, we do hear anecdotally how government-supported R&D initiatives help seed IP toContinue reading “COS 2021: National Research Foundation”
COS 2021: Case for an Independent Fiscal Council
Assoc Prof Jamus Jerome Lim (Sengkang): Chairman, fiscal councils are agencies staffed by professional civil servants which evaluate policy proposals to provide budgetary implications. To-date, there almost 40 fiscal councils worldwide concentrated among advanced economies. Some are comparatively older. The Netherlands Bureau for Economic Policy Analysis dates back to just after the end of theContinue reading “COS 2021: Case for an Independent Fiscal Council”
Office of the Leader of the Opposition 