Does PM Lee truly and sincerely donate his salary increases?
-
JJ wrote:
The donations by PM Lee and Dr. Lily Neo are only a symbolic gesture for him to be excused of a major setback to the strong policy of his government.
Dream on.
Around when the pay hikes were announced, ST ran a series of stories behind the scenes in various ministries on the crucial and important work done on policies and how they benefit Singapore. Perfect timing. You expect anything that will remotely make the govt look bad? Those Singaporeans who do not link one event to another can be easily led by the various news from various sources into believing the official line.
Such a gesture is somewhat a reprieve intended to pacify the people without abandoning the policy.
Think carefully it was PM Lee who pushed perhaps reluctantly the "Pay top talents (undefined) top salaries" policy for he has to toe the party line of which he plays a part all these years which is incidentally also the brainchild idea controlled by someone else.
So it will not be PM Lee to shoot his own foot by asking or expecting the ministers to follow suit and donate generously. To do so would undermine that policy and admit a fiasco or major defeat of one of PAP major policies.
If PM Lee really and sincerely feels committed to donating his extra monies he is entitled to receive he could have easily given a hint and many of them will just take the cue and follow suit.
It is clear that PM Lee just does the little act he has to to save his face by symbolically donating his own salary increases.
It is not a real intention to give or acknowledge policy setback. If he allows MPs and ministers to donate away the pay increases it does not help him or his party or the someone who directs the show.
It would be a giveaway of his policy and that will backfire on the whole PAP and hurt the supreme leader's feeling. -
-
would you offer to donate at least 20% of your salary to charity if are a MNC chairman whom pay have just risen by 40%...
-
I will do so within my ability on other day and not just on the day of my pay rise.Originally posted by soulwinner:would you offer to donate at least 20% of your salary to charity if are a MNC chairman whom pay have just risen by 40%... -
ya... saw the replays on tv . pm say something like
"....i had discussed this decision with sm and mm, in fact they agreed and support me to go for it..."
for some reason, they way he put it across makes me think that he is 'getting evidence' to support his statement.
Example, when accused of stealing, Ali say not i do want, Peihua also was here along with the apple before it disappearer... -
nope. i'll go shopping....LV here i come...Originally posted by soulwinner:would you offer to donate at least 20% of your salary to charity if are a MNC chairman whom pay have just risen by 40%... -
No.
-
i don't really care what he said,
he is still a hypocrite in the eyes of singaporean -
he donate his PM salary raise or his Finance Minister raise or he donate both rasie to charity har?
-
If I earn 20K a year, giving away 4K over 12 months is not painful.
If I earn 2M a year, to give away 400K over 12 months? I go see doctor first. Then go to another doctor for second opinion.
I must be very sick to give away 400K. -
He's building path for the future la...
after PM... still got SM and MM mah...
u all go calculate how many yrs la... -
Undeserved 400K.
-
The amount that he has approved to give himself is from monies collected from Singaporeans; and now what he is planning to give away is still monies collected from Singaporeans.
Why not simply give all that to charity by transferring the amount straight from the Treasury to the Charities ?
Is he creating more work for the Civil Administration, so as to generate an increase in GDP output; hence, to justify another round of pay increment for everyone in Government ?
Donations can be simply structured into Tax Free Foundations that are managed by Fund Managers, with the profits generated being donated to charity; while the Principal Sum remains largely intact, and accessible to the Trustees of the Foundation.
Slick moves without tarnishing oneself, and help to extricate oneself from a tight spot.
No wonder he needed MM and SM to approve his plan, which is nearly the same plan that GCT proposed when he got his salary increment despite a public outcry. Did anyone from the SPH pursue his donations since then ? -
I think that he's donating only because of the furore the payrise had caused. Otherwise, he would be happy to keep the money in his piggy bank.
-
I think that he's donating only because of the furore the payrise had caused. Otherwise, he would be happy to keep the money in his piggy bank.
very true. if not for us netizens who heavily criticise their own pay increment act. i bet their pay will be more than what they are getting and not a single cents will be donated.
victory for the netizens. -
watch the wayang.
but don't give away the show... -
wayang
there is a tax rebate column in IR8A for donation -
To make themselve feel better of themselves???
-
xin xu, feel guilty, because we know their real plan
-
-
http://www.iras.gov.sg/ESVPortal/resources/etaxguideondonationswithbenefits.pdf
Cash DonationsOriginally posted by menoob:wayang
there is a tax rebate column in IR8A for donation
Cash Donations to any approved Institution of a Public Character (IPC) or the Singapore Government which benefit the local community is tax-deductible.
Not all registered charities are approved IPCs. Donations made to a charity without approved IPC status is NOT income tax-deductible.
Only outright donations that do not provide a material benefit to the donor are tax-deductible. However, as a concession, certain donations made to IPCs on or after 1 May 2006 will be deemed to be pure donations notwithstanding there is a benefit given in return for the donation. To qualify for the concessionary tax treatment, donations with benefits given in return will be regarded as pure donations if the benefits are treated as having no commercial value. Benefits are treated as no commercial value if:
1.
the benefit is given in acknowledgement of the donation; and
2.
the benefit has no resale value.
For details on this concessionary tax treatment and a list of common benefits given in return for donations and their tax treatment, please refer to the IRAS Circular published on 1 May 2006.
This donation scheme is applicable to both corporate and individual donors.
What our IRAS rate for individual? around 20% or 18%Originally posted by soulwinner:would you offer to donate at least 20% of your salary to charity if are a MNC chairman whom pay have just risen by 40%...
The following types of donations would qualify you for a double tax deduction:
*
Cash Donations
*
Shares Donations
*
Computer Donations
*
Artefact Donations
*
Public Sculpture Donations
*
Land and Building Donations
However, if naming opportunities are granted for any of the above from 1 January 2002 to 31 December 2004, then only a single tax deduction is allowed.
With effect from 1 January 2005, Double tax deduction will be allowed for:
1.
donations to name IPCs, IPC facilities, events or programmes,
2.
donations to name facilities of approved beneficiaries (including artefacts and public sculptures) under any of the other approved donation programmes,
3.
donations under any of the approved donation programme where the IPC or approved beneficiary acknowledgesthe donation by including the donor's name or logo in the IPC'scollaterals (e.g. banners, publications, advertisements).
Double tax deduction will not be granted in cases where the donor is essentially advertising at the facility, event or programme. For example, the donor should not be able to display its own banners, products or other collaterals at the facility, event or programme that it donated to. The "donation" in that case may instead be regarded as an advertising or marketing expense for tax purposes. -
That, was very well and elaborately said, indeed!Originally posted by the Bear:
-
He's struck the right chord......Originally posted by the Bear: -
Struck a chord??Originally posted by Rock^Star:He's struck the right chord......
Damn, I thought he sounded SYMPHONIOUS! -
LHL is donating some thing that he is feeling not justify to the public? He's feeling guilty of his pay hike?