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Riding on the momentum to move backwards
October 28 2020

Riding on the momentum to move backwards

In confirming recently that UK Chancellor Rishi Sunak's Autumn Budget had been cancelled, his office issued a statement saying: "…now is not the right time to outline long-term plans - people want to see us focused on the here and now". Locally, Deputy Prime Minister Heng Swee Keat similarly sent a clear signal to anyone who might still be harbouring misguided hopes of expansive fiscal measures, by emphasising in his Facebook post on Oct 3, 2020 that "…there will not be a new round of support measures".

Tax Budget LCBR International Tax

OCTOBER

October 28 2020

Riding on the momentum to move backwards

In confirming recently that UK Chancellor Rishi Sunak's Autumn Budget had been cancelled, his office issued a statement saying: "…now is not the right time to outline long-term plans - people want to see us focused on the here and now". Locally, Deputy Prime Minister Heng Swee Keat similarly sent a clear signal to anyone who might still be harbouring misguided hopes of expansive fiscal measures, by emphasising in his Facebook post on Oct 3, 2020 that "…there will not be a new round of support measures".

Tax Budget LCBR International Tax

SEPTEMBER

September 30 2020

Today’s Taxes, Yesterday’s Terms: Reimagining Old Concepts To Understand a New Normal

Some have boldly predicted the death of the physical office, but anecdotal evidence tells me another corporate creation is set to thrive, perhaps more than ever: business jargon. Wikipedia includes the word “reimagine” on its “list of common buzzwords which form part of the jargon of corporate, academic, government, and everyday work and social environments.”

Tax Covid-19 New Normal

JULY

July 27 2020

Jobs Support Scheme: Boon for businesses or bane for beancounters?

The Jobs Support Scheme (JSS) is meant to help enterprises retain their local employees during this period of grave economic uncertainty, by way of the Government providing cash subsidies to co-fund between

covid-19 Jobs Support Scheme Tax Accounting

MAY

May 26 2020

Using an AAA battery model to power us along

Last week, my op-ed "Settling the (tax) score after the fall" (BT, May 22) described how a theme of vengeance could end up hurting many taxpayers especially if they slacken in their tax affairs during these trying times. Some have told me that the tone of the article was "scary" even if it represents some "hard truths" in the world of taxation. As we prepare to exit the circuit breaker, here is a more benign piece aimed at spreading positive vibes especially in the tax field...

COVID-19 Tax Business Support Measures Circuit Breaker Fortitude Budget Singapore Budget
May 22 2020

Settling the (tax) score after the fall

DURING the violent Hong Kong protests, a Financial Times article (assertively titled "Beijing will have its revenge on Hong Kong") referenced the Chinese phrase qiu hou suan zhang, in concluding that vengeance by the Chinese government will be forthcoming even if the questions of when and how remain unclear.

Tax COVID-19 World Business

APRIL

April 21 2020

Government to Continue Support Measures to Protect Livelihoods and Stabilise Businesses During Extended Circuit Breaker Period

Fortunately, at least one group of persons can find some joy associated with today’s announcements, due to the fact that wages of qualifying ‘shareholder- directors’ will now also be...

Tax Singapore IRAS Regulation

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