Recent years there are talks about estate tax coming back.. as we all know in singapore, there is no smoke without fire.. and when topics are proposed on mainstream media, the government must have more or less explored and examined the topic.
What do you all think
Estate tax was removed in 2008/2009 because the government thinks it is ineffective as the rich and wealthy have ways to avoid it by setting up trust etc. Ended up, the most of people who are taxed are the middle income families. So unless the government is able to come out with a way to tax the rich effectively, i dont think they will be able to bring the estate tax back.