Wealth tax

The move underscores growing urgency within the government to expand its sources of revenue as land sales tumble and growth slows.

Wong said the government intends to stick with its plan to raise the consumption tax next year to 8% from 7%.

Officials have met with members of Singapore’s business elite and advisers to the rich to gauge their reactions.

(Dec 13): Economic inequality has moved to the top of the political agenda in many countries, including free-market poster children such as the US and the UK. The issue is mobilising the left and causing headaches on the right, where wealth has long been

SINGAPORE (Nov 4): Proposals for a broad tax on wealth are not new, but they are receiving renewed attention in the US. Steadily increasing income and wealth inequality has raised social and ethical concerns, even among a subset of the wealthy. This trend