Corporate Tax Rate Cut - 1% welcome?
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MP ratio has nothing to do what corporate tax...what's your point?Originally posted by maurizio13:During MM's interview, he only managed to name 2 countries with lower corporate tax rates, but these 2 countries have entirely different government structure from Singapore, like a population to MP ratio of 100,000 : 1, whereas Singapore has a population to MP ratio of 50,000 : 1.
You have absolutely no clue about how the economy runs. Low corporate tax attracts investors, that's clear. Look at how the STI shot up immediately after the announcement of the cut in corporate tax. Businesses are very cost sensitive. Small population? That's why both Hong Kong and Ireland have a large pool of non-local workers...supplied by Mainland China in the case of Hong Kong and by Europe in the case of Ireland. That's why also we need FT in Singapore.Originally posted by maurizio13:Another fallacy in his analysis is, if we don't decrease our corporate tax rates, we will lose all our investments to Ireland and Hong Kong; think about it, how many investments can Ireland and Hong Kong absorb? Hong Kong has a limited land and population (7.1million); whereas Ireland has a limited constraint on population (4 million).
If you are an imbecile, you are a fool at any ageOriginally posted by maurizio13:In my opinion, I think when you reach a certain age (65-70), you should retire, because no matter how much you would like to dispute it, our biological system don't function all too well, you are more likely to make sub-optimal decisions.
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If we are making toys today, we are deadOriginally posted by mistyblue:This was a real case. I was a kid then but I saw it happen.
I remember long ago in the early 80s, the toy maker Tomy was in Kallang industrial estate. Tomy operated with very little people, mostly are automated machines. When Tomy moved to Thailand, back then PM (now MM) came down to talk to the Japanese boss. The boss said costs are high because JTC rentals are too high for factory space. Tomy asked to negotiate for a better price. JTC flat refused and Tomy therefore decided to look elsewhere. Now just one day before all the operations is moved to Thailand, MM come show up and ask Tomy to revert decision. Japanese boss tell MM, its too late. Besides, the price JTC charge for floor space is just too high and too inflexible.
Therefore it is not a problem that the policy makers do not know. Its just a convenient oversight. So after Tomy case, in the 80s, these "leaders" know.
Its a fact that our policy makers priced us into uncompetitive zones and yet shift the blame of us that we demand high salaries, but keep raising the cost of living.
So when all the policies are made and changes to policies are done, its always that the people to give more, put up with higher cost, live with less basic things, and etc. But I had not seen any shared commitment from the policy makers. They simply sit on their high horses enjoying their lives raising their salaries to greater heights while they tell us there will be no welfare, we have to live on less, pay more and vote them because otherwise there will be horrible chaos because someone not as elite as them cannot run the country.
I look at Japanese PM, Abe. He lead the way to cut his salary and asked the ministers to do so. In a country where the cost of living is so high, I do not see their minister's pay higher than our own and yet they had dropped the pension scheme and had a pay cut to help the economy recover.
We should have have moved out of these low-value industries much earlier. Vietnam has just joined the ranks of developing nations and they are already targeting high-value industries. Rather than making toys like China, they are making computer chips for Intel and drawing up architectural plans for Australian architects.
Watch out! The bigger threat to our economy will come from Vietnam rather than China. Yes, our cleaners may lose their jobs to PRCs, but it is the Vietnamese who will take jobs away from our engineers and managers. -
How typical...you prove time and again that the government is right to limit freedom of expression. For every valid alternative view, we get a hundred morons like you who threaten to incite hatred and civil unrest.Originally posted by maurizio13:OM is just a follower (a dog), he is not a leader with visions, he just barks when he is asked to and eat when he is given food. -
In a sense, I am glad that true to form, he proves my point that Singaporeans are not ready for western-style democracy. For that matter, neither is Taiwan and I for one sure hope our Parliament does not become a boxing ring like theirs.Originally posted by the Bear:guys.. do not fall into the quagmire of personal attacks..
argue the facts.. and that alone...
by doing so, what is right and true will stand out and not be tarnished by mudslinging...
whatever you think of OM, leave it out of the discussion... don't let anything get personal... else no matter how good your argument is, you will be remembered for slinging the mud -
You can't even understand simple points, we have more MPs, a huge cost, that's why we have to increase GST to decrease corporate tax rates, unlike Hong Kong.Originally posted by oxford mushroom:MP ratio has nothing to do what corporate tax...what's your point?
From your explanation, it shows that you are totally clueless about the workings of the stock market. The STI increase as a result of investors changing their portfolio of investments, maybe switching from savings/forex/bonds to stock market, as a lower corporate tax rate will increase their dividend yields. There are more buyers than sellers, therefore demand outpace supply, as a result price for stocks increase, the stock increase is the result of interaction between buyers and sellers in the market, if Mr. A sells to Mr. B, Mr A makes a profit. In what way does this benefit the company? Do they get new funds for new physical investments? This does not translate to capital investments flowing into Singapore to build new factories.Originally posted by oxford mushroom:You have absolutely no clue about how the economy runs. Low corporate tax attracts investors, that's clear. Look at how the STI shot up immediately after the announcement of the cut in corporate tax.
I guess everybody can see what an imbecile you are right now.Originally posted by oxford mushroom:If you are an imbecile, you are a fool at any age -
its such a waste OM is working overseas.
he should work for our manpower ministry. -
That, my friend, is the biggest irony of it all.Originally posted by dragg:its such a waste OM is working overseas.
he should work for our manpower ministry. -
you know that's BS right?
"western-style democracy" will also have these people who take everything personally...
so hey.. KEEP TO THE POINT!Originally posted by oxford mushroom:In a sense, I am glad that true to form, he proves my point that Singaporeans are not ready for western-style democracy. For that matter, neither is Taiwan and I for one sure hope our Parliament does not become a boxing ring like theirs. -
so we end up making more shylocks like your goodself and for that at least we are still alive? .....Originally posted by oxford mushroom:If we are making toys today, we are dead
We should have have moved out of these low-value industries much earlier. Vietnam has just joined the ranks of developing nations and they are already targeting high-value industries. Rather than making toys like China, they are making computer chips for Intel and drawing up architectural plans for Australian architects.
Watch out! The bigger threat to our economy will come from Vietnam rather than China. Yes, our cleaners may lose their jobs to PRCs, but it is the Vietnamese who will take jobs away from our engineers and managers. -
Making toys better than selling tissue paper right?Originally posted by oxford mushroom:If we are making toys today, we are dead
We should have have moved out of these low-value industries much earlier. Vietnam has just joined the ranks of developing nations and they are already targeting high-value industries. Rather than making toys like China, they are making computer chips for Intel and drawing up architectural plans for Australian architects.
Watch out! The bigger threat to our economy will come from Vietnam rather than China. Yes, our cleaners may lose their jobs to PRCs, but it is the Vietnamese who will take jobs away from our engineers and managers. -
How about making condoms?
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This is safer n more lucrative...Originally posted by Lowclassman:How about making condoms? 
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i heard that Hongkong corp tax is 17.5%, but NO GST...
Originally posted by the_fallen:Singapore needs to have a 1% corporate tax rate cut to remain competitve and to attract more foreign investors into Singapore as well.
But in the article found in Sunday Times page 7 - it states that the 1% corporate tax rate cut is offered to offset the GST increase of 2% (from 5%-7%).
While the businessmen and businesswomen are saving more money with the tax reduction, we normal citizens will be suffering more due to the increase in GST.
On 1 hand, the Singapore Economy will improve due to more foreign investments from overseas, and spendings are of these businesses are expected to go up.
While the rich are earning more and more via savings, we the average middle income to those in the poor category have to pay more GST.
Thus we will only get poorer and poorer.
Is it fair?
Or are we getting help from the govt? -
Originally posted by mistyblue:This was a real case. I was a kid then but I saw it happen.
I remember long ago in the early 80s, the toy maker Tomy was in Kallang industrial estate. Tomy operated with very little people, mostly are automated machines. When Tomy moved to Thailand, back then PM (now MM) came down to talk to the Japanese boss. The boss said costs are high because JTC rentals are too high for factory space. Tomy asked to negotiate for a better price. JTC flat refused and Tomy therefore decided to look elsewhere. Now just one day before all the operations is moved to Thailand, MM come show up and ask Tomy to revert decision. Japanese boss tell MM, its too late. Besides, the price JTC charge for floor space is just too high and too inflexible.
Therefore it is not a problem that the policy makers do not know. Its just a convenient oversight. So after Tomy case, in the 80s, these "leaders" know.
Its a fact that our policy makers priced us into uncompetitive zones and yet shift the blame of us that we demand high salaries, but keep raising the cost of living.
So when all the policies are made and changes to policies are done, its always that the people to give more, put up with higher cost, live with less basic things, and etc. But I had not seen any shared commitment from the policy makers. They simply sit on their high horses enjoying their lives raising their salaries to greater heights while they tell us there will be no welfare, we have to live on less, pay more and vote them because otherwise there will be horrible chaos because someone not as elite as them cannot run the country.
I look at Japanese PM, Abe. He lead the way to cut his salary and asked the ministers to do so. In a country where the cost of living is so high, I do not see their minister's pay higher than our own and yet they had dropped the pension scheme and had a pay cut to help the economy recover.
i totally agree and i like the last paragraph of your's
Japanese Govt lead by example, Whereas Singapore talk and talk, but don't even want to reveal how they will help us.
In fact when i was watching the Zao An Ni Hao today, the news said the 1% corporate tax will help the economy.
Although it caused Singapore govt to lose around 5 million dollars worth of taxes but they said that they will get it back from the increase of GST and also from the Lottery somethings.
When people buy lottery, govt do tax them correct? or do they only tax the winners? i don't buy lottery 
so i have no idea how they are going to compensate govt's wallet from lottery/gambiling related.
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The drop in corporate tax encourages investors to buy into Singapore stocks because we believe this move will benefit businesses here. We sell our holdings in Thailand because the series of decisions by BOT does not inspire confidence. Don't expect you to know this when you haven't invested any money but don't talk big when you know nothing, kiddo...Originally posted by maurizio13:The STI increase as a result of investors changing their portfolio of investments, maybe switching from savings/forex/bonds to stock market, as a lower corporate tax rate will increase their dividend yields. There are more buyers than sellers, therefore demand outpace supply, as a result price for stocks increase, the stock increase is the result of interaction between buyers and sellers in the market, if Mr. A sells to Mr. B, Mr A makes a profit. In what way does this benefit the company? Do they get new funds for new physical investments? This does not translate to capital investments flowing into Singapore to build new factories. -
THIS IS THE POINT!Originally posted by the Bear:you know that's BS right?
"western-style democracy" will also have these people who take everything personally...
so hey.. KEEP TO THE POINT!
If Singaporeans cannot keep their eyes on the issue but launch personal attacks, they are not ready for the robust debates in western-style democracy. We will end up with gangster fights in the Parliament.
Until people are mature enough to handle it, they cannot have liberal democracy and unfettered freedom of expression. A knife may be a useful tool but children should not play with it. -
[quote]Originally posted Oxford Mushroom:Originally posted by Oxford Mushroom:
You have absolutely no clue about how the economy runs. Low corporate tax attracts investors, that's clear. Look at how the STI shot up immediately after the announcement of the cut in corporate tax. Businesses are very cost sensitive. Small population? That's why both Hong Kong and Ireland have a large pool of non-local workers...supplied by Mainland China in the case of Hong Kong and by Europe in the case of Ireland. That's why also we need FT in Singapore.
[/quote]Originally posted by maurizio13:
The STI increase as a result of investors changing their portfolio of investments, maybe switching from savings/forex/bonds to stock market, as a lower corporate tax rate will increase their dividend yields. There are more buyers than sellers, therefore demand outpace supply, as a result price for stocks increase, the stock increase is the result of interaction between buyers and sellers in the market, if Mr. A sells to Mr. B, Mr A makes a profit. In what way does this benefit the company? Do they get new funds for new physical investments? This does not translate to capital investments flowing into Singapore to build new factories.
The drop in corporate tax encourages investors to buy into Singapore stocks because we believe this move will benefit businesses here. We sell our holdings in Thailand because the series of decisions by BOT does not inspire confidence. Don't expect you to know this when you haven't invested any money but don't talk big when you know nothing, kiddo... See what I mean when I don't want to talk to you, you stated the point that Singapore stock market increases is the result of government's announcment of a possible of 1% of corporate tax rates. I showed you how the stock market works, it has nothing to do with capital investments (building factories), it is just investors shifting their investment portfolio (from bonds/savings/forex to stocks). You respond by roping in Thailand which has nothing to do with the discussion, remember your initial post "Look at how the STI shot up immediately after the announcement of the cut in corporate tax.".
Maybe you can explain the mechanics of how the stock market increases can affect capital investment decisions?
It's so like you, you lose a point, you try to cover up your @ss by introducing new issues which is not relevant to the discussion.
Enjoy your doggone day!
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For God's sake, read your newspaper:
"..News of a corporate tax cut in next month's budget and glowing reports from foreign experts about the local market provided the ignition switch for the buying surge.."
http://www.straitstimes.com/portal/site/STI/menuitem.70300a17785a04285f53bcd7d3a0a0a0/?vgnextoid=cd616267c3a40110VgnVCM100000430a0a0aRCRD&vgnextfmt=vgnartid:cd616267c3a40110VgnVCM100000430a0a0aRCRD
Companies can expect a profit of 1-3% based on this move alone. -
No no you all don't understand OM...
His ideal is that Singapore should be comprised of Engineers, Scientists, Doctors and Renown Surgeons only.
Preferably, 90% of locals should be Rocket scientists to survive decently.
All other industries and trades, as well as peasants, should all die away...
He's totally in line with the PAP's elitist nation buidling. -
who is this HE?Originally posted by ShutterBug:No no you all don't understand OM...
His ideal is that Singapore should be comprised of Engineers, Scientists, Doctors and Renown Surgeons only.
Preferably, 90% of locals should be Rocket scientists to survive decently.
All other industries and trades, as well as peasants, should all die away...
He's totally in line with the PAP's elitist nation buidling.
is there such a fool to only build a nation / economy with just only the professional employees? -
That's why...I have said earlier. This ''he'' must stuff his head into own arse hole.Originally posted by the_fallen:who is this HE?
is there such a fool to only build a nation / economy with just only the professional employees? -
You are putting words into my mouth. If people are prepared to pay more for a plumber than a rocket scientist in Singapore, you must be daft not to fix taps.Originally posted by ShutterBug:No no you all don't understand OM...
His ideal is that Singapore should be comprised of Engineers, Scientists, Doctors and Renown Surgeons only.
Preferably, 90% of locals should be Rocket scientists to survive decently.
All other industries and trades, as well as peasants, should all die away...
He's totally in line with the PAP's elitist nation buidling.
I am no elitist but I take a completely pragmatic, utilitarian approach. Look at what's most valuable to the economy and go into it. As market trends change, we have to adapt to keep at the top of the food chain.
If you fail to keep up, you are brushed aside and eaten. Haven't you learn the lessons from the millions of years during which you evolved from the monkey? -
Singapore's Crazy Horse topless cabaret to shutOriginally posted by oxford mushroom:You are putting words into my mouth. If people are prepared to pay more for a plumber than a rocket scientist in Singapore, you must be daft not to fix taps.
I am no elitist but I take a completely prgmatic, utilitarian approach. Look at what's most valuable to the economy and go into it. As market trends change, we have to adapt to keep at the top of the food chain.
If you fail to keep up, you are beushed aside and eaten. Haven't you learn the lessons from the millions of years during which you evolved from the monkey?
SINGAPORE, Jan 25 (Reuters) - Singapore's Crazy Horse topless cabaret show will be closed down about a year after it was opened to great fanfare and with government support, cinema-operator Eng Wah , the company that runs the show, said on Thursday.
The company said in a statement that the final show would take place on Wednesday. The show, which has been successfully running in Paris since 1951, was meant to spice up Singapore's prudish image and -- along with plans to open two multi-billion dollar casinos -- attract more tourists.
The city-state's founding father and former prime minister, Lee Kuan Yew, predicted last August that with the opening of the two casinos in 2009 and 2010, live shows like Crazy Horse would get a boost. -
Statistically, this is impossible. You assume that all man are of equal intellectual ability, and resources etc. Not to mention, luck.Originally posted by oxford mushroom:You are putting words into my mouth. If people are prepared to pay more for a plumber than a rocket scientist in Singapore, you must be daft not to fix taps.
I am no elitist but I take a completely pragmatic, utilitarian approach. Look at what's most valuable to the economy and go into it. As market trends change, we have to adapt to keep at the top of the food chain.
If you fail to keep up, you are brushed aside and eaten. Haven't you learn the lessons from the millions of years during which you evolved from the monkey?
As it is, no matter how you look at it, you'd look at a Gaussian distribution of earnings, ability and so forth. Food chains will exist regardless. Given the nature of Singapore having few if any opportunities for the medium bracket, it is very hard to bounce back after a fall.
You say adapt, but again, this is simply impossible. You cannot expect a person who has failed in education to an extent to go back, learn new tricks, and get back in for some low lame job that he obviously cannot live on. The nature of Singapore's extremely high costs of living has made it impossible to merely follow market trends.
And in any case, there isn't exactly a field called "rocket scientists." More likely, aeroengineers fill the bill, though... NUS and NTU don't quite have an aero engineering curriculum, and if they do, it's a small one.