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QUESTION
Singapore PM Lee Hsien Loong announced in a speech (Links to an external site.) Links to an external site. late last year that quot;raising taxes is...
Singapore PM Lee Hsien Loong announced in a speech
(Links to an external site.)
Links to an external site.
late last year that "raising taxes is not a matter of whether, but when".
- Explain with the help of data in a graph how Singapore's fiscal position has evolved and how it might evolve over the next 5 years. State clearly what your data source(s) and assumptions.
- To what degree do you agree that taxes need to be raised in Singapore in the future? (Remember to consider both sides of the argument for full marks.)
