
https://www.channelnewsasia.com/singapo ... ct-4509771
I’m more interested in where the money will go.abbby wrote: ↑Mon, 29 Jul 2024 5:47 pmI thought this was a funny read. Other countries do not want them too.. Where will they end up ?![]()
https://www.channelnewsasia.com/singapo ... ct-4509771
Can you blame them? An absolute liability.abbby wrote: ↑Mon, 29 Jul 2024 5:47 pmI thought this was a funny read. Other countries do not want them too.. Where will they end up ?![]()
https://www.channelnewsasia.com/singapo ... ct-4509771
I've always wondered this as well. I'm assuming the money will be returned to its origins, and any untraceable sums will simply be absorbed by the state. Don't think they're complaining...malcontent wrote: ↑Mon, 29 Jul 2024 7:11 pmI’m more interested in where the money will go.abbby wrote: ↑Mon, 29 Jul 2024 5:47 pmI thought this was a funny read. Other countries do not want them too.. Where will they end up ?![]()
https://www.channelnewsasia.com/singapo ... ct-4509771
So the state “absorbed” almost $1b from what I read. To put that in perspective, IRAS collected a total of around $5b in property taxes last year for the whole of Singapore. Where does it go after it gets absorbed? Is it treated as revenue or reserves?Lisafuller wrote: ↑Tue, 30 Jul 2024 2:25 amI've always wondered this as well. I'm assuming the money will be returned to its origins, and any untraceable sums will simply be absorbed by the state. Don't think they're complaining...malcontent wrote: ↑Mon, 29 Jul 2024 7:11 pmI’m more interested in where the money will go.abbby wrote: ↑Mon, 29 Jul 2024 5:47 pmI thought this was a funny read. Other countries do not want them too.. Where will they end up ?![]()
https://www.channelnewsasia.com/singapo ... ct-4509771
I wonder as well, but in the case of singapore, I don't think we'll ever be privy to the details.malcontent wrote: ↑Wed, 31 Jul 2024 1:04 amSo the state “absorbed” almost $1b from what I read. To put that in perspective, IRAS collected a total of around $5b in property taxes last year for the whole of Singapore. Where does it go after it gets absorbed? Is it treated as revenue or reserves?Lisafuller wrote: ↑Tue, 30 Jul 2024 2:25 amI've always wondered this as well. I'm assuming the money will be returned to its origins, and any untraceable sums will simply be absorbed by the state. Don't think they're complaining...
Then there is the question of the balance $2b, was this outside of Singapore’s jurisdiction? What will happen to that? Why do I get the impression that these people will still be living a good life, with at least multiple millions instead of billions?
Must be why Novena has been under construction for yearsabbby wrote: ↑Wed, 31 Jul 2024 10:15 amI wonder too...
We can probably build more MRTs /roads with their money...
I believe they are still very rich in many other countries, as their business is an ongoing on, so long as it continues, they are still earning by the billions. Even lost, they have channeled it in other countries, I think they are safer in less developed countries.
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