The Case for Redistributive Taxation in Singapore

The Straits Times, 2019

Posted: 16 Aug 2019

See all articles by Vincent Ooi

Vincent Ooi

Singapore Management University - School of Law; Singapore Management University - Centre for AI & Data Governance

Date Written: March 2, 2019

Abstract

In light of the recent debate on whether Singapore should consider imposing wealth and inheritance taxes on ultra-high net worth individuals, this article seeks to address two key questions: whether wealth should be taxed and how it should be taxed. The first question is one of moral philosophy while the second is one of tax policy.

The question of whether wealth should be taxed can be viewed as part of the broader question of whether there should be redistributive taxation. The idea behind redistributive taxation is to achieve a net redistribution of wealth from those better off to those worse off by ensuring that the former pay more in taxes than they receive in benefits from the state, and vice versa.

Keywords: Tax Law, Jurisprudence, Taxation

Suggested Citation

Ooi, Vincent, The Case for Redistributive Taxation in Singapore (March 2, 2019). The Straits Times, 2019. Available at SSRN: https://ssrn.com/abstract=3436554

Vincent Ooi (Contact Author)

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

HOME PAGE: http://law.smu.edu.sg/faculty/profile/156436/Vincent-OOI

Singapore Management University - Centre for AI & Data Governance ( email )

55 Armenian Street
Singapore
Singapore

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