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BofA sees city-state punting on wealth taxes

SINGAPORE: Singapore is unlikely to include specific plans on anticipated wealth taxes in its upcoming budget, according to Bank of America Corp (BofA), which sees future steps targeting physical assets and inter-generational transfers rather than financial assets.

Wealth Tax on Billionaires Would Cover Defense Budget

A report finds that taxing people with over $5 million could bring in $928.39 billion a year. A one-year child tax extension costs $185 billion.

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