Wednesday, November 25, 2009

Tax burden around the world

Read this article.

Denmark 48.3%
Sweden 47.1%
Belgium 44.3%
Italy 43.2%
France 43.1%

UK 35.7%
Japan 28.3%
USA 26.9%

Singapore - not listed, but way below 20% (not counting ARF, COE, ERP and costly HDB flats).
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6 comments:

Anonymous said...

Singapore - TV/Radio License Fee?!

November 25, 2009 10:13 PM
Anonymous said...

Singapore - waterborne fee ? water conservation tax?

November 25, 2009 10:15 PM
AB said...

The costly HDB is one of the highest hidden tax.

Inflation is another hidden tax.

How about the high electricity price?

And as CPF becomes more and more difficult to withdraw within ones life time, it essentially becomes a hugh tax.

November 25, 2009 11:30 PM
Anonymous said...

The Govt gives you a drum stick and takes two chickens from you.

November 26, 2009 6:08 PM
Anonymous said...

Unfortunately, S'pore's taxes -- direct, indirect and hidden -- will get more & more regressive over the years, hitting the bottom 50% more than the upper 50% on a relative scale.

The very recent lowering of corporate tax rate to 17% in order to compete against HK, together with hiking of property taxes highlights this trend. Govt has already said loss of corporate tax still able to be covered from other revenues.

I fully expect GST to be ramped upwards and govt to maintain high levels of property prices --- translates to record govt revenues from land sales and rentals.

November 26, 2009 6:34 PM
Anonymous said...

I've always believed that CPF is a form of taxation. Its just packaged differently.

December 03, 2009 4:05 PM

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