SgLinks.com

26 Dec '12, 12am

THE TRUTH ABOUT THE SINGAPORE GOVERNMENT #oursgconv

Myth #4: If Singapore increase taxes or if we impose a minimum wage, companies won’t invest in Singapore because we will become too expensive for them. FACT: The companies that Singapore wants to attract are multinational companies (MNCs) and big global businesses. These businesses have accustomed themselves to ethical ways of working, such as providing for minimum wage and paying higher taxes in other countries. To them, this is a norm. Sure, lower taxes might be more attractive, but ask any company and they would tell you, taxes and wages are only one portion of their consideration of whether to locate their companies here. Who are the low taxes and the unwillingness to impose a minimum wage really meant to benefit? Other than the MNCs, the other major businesses in Singapore are the Singapore-owned companies which the government has a stake in. And together, they accoun...

Full article: http://therealsingapore.com/content/truth-about-singapore...

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