A wealth tax on luxurious goods such as high-end cars and landed property as well as an inheritance duty on multi-million-dollar homes may seem like plausible ways to protect Singapore's meritocracy, but it can be challenging and even costly to implement and enforce such measures.
Analysis: Wealth Taxes On Inherited Property, Luxury Goods And Cars Are Challenging, Costly To Enforce brudirect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brudirect.com Daily Mail and Mail on Sunday newspapers.
SINGAPORE A tax on luxurious goods such as high-end cars and landed property as well as an inheritance duty on multi-million-dollar homes may seem like plausible ways to protect Singapore's meritocracy, but it can be challenging and even costly to implement and enforce such measures.
The merger between Strides Taxi and Premier Taxis comes amid the proliferation of ride-hailing platforms and as taxis decline in popularity, analysts say.