Originally posted by king108:
Original post by Atobe:
king108,
no offense taken in your post, and likewise would prefer if you
avoid using the color " orange " - which really is hurting to the
eye when the entire page is painted and to be read in detail in
this color.
Are you a practising Buddhist ?
Rep: A free thinker at current stage, I
had interest in religions. I had personally read most of them to
know them better. I am pledging my belief to Christ
soon.
It is always good to have an
anchor.
Lowering the corporate tax may only result in higher
profits retained - which may not benefit Singapore or Singaporeans,
not when the corporation is foreign owned and resulting in a larger
profit being repatriated.
Rep: Lower corporate tax will invite
foreigner and local to set up firm here. Am I right to say
so.
Advantage can see immediately is to have more employments, create
jobs.
A company will have operating expenses and capital expenses, bad
dept and other etc. Profit is after minus all the expenses and also
after tax.
Foreign owned corporation can result in larger profit being
repatriated? Maybe you can advise us the method. (I would like to
learn more)
What do company do with profit normally pay increment, bonus
package, dividends to shareholders and part of it as growth funds.
If retained a big portion, the company is considered cash rich, I
would advise you to buy the share at low.
When higher profit is retained in the company, the financial
statement will be healthier. Am I right? Cash inside, less
borrowing required.
Foreign Corporations will normally
bring in their more experienced staffs from their home base, and
will not normally employ local staff more then necessary to keep
the investment running, and keep the technology IN-HOUSE.
Where possible, fixxed and long term recurring costs will be kept
to a minimum so that the PULL-OUT costs will not be just as high
when the LIFE-CYCLE for the business end.
Can there be any large job benefit when low cost labor is no longer
the name of the game ?
With Tax Holidays and pre-arranged special write-offs for
investments over a given period, it will result in increased tax to
be repatriated to the home country.
Such privileges are not available to local start-ups.
Going by the experience with our Singapore Airlines - it is
cash-rich but not as generous as it would like to be, not under the
present circumstances of curtailing runaway wage increments that
affect the profitability of the Company.
With the current mood of flexi-wages and short term labor
contracts, the days of generous pay packages and bonus to the lower
ranks are over; only the Corporate Leadership will enjoy handsome
payout in bonus and share issues.
If the Foreign Company decides to plant their roots here, it will
be a new ball game, and just because the shares are cheap does not
necessarily mean we should jump into the Stock Market and speculate
in the stocks of such Companies. Many have got their fingers burnt
even with stable local Companies being made public such as
SingTel.
Large income tax on Singaporean wage earners ?
Rep: (Includes foreigner/local) Higher
income to pay higher tax should be good for government collection
no doubt. If you ready have the heart for Singapore, you will
stay.
Is there any logic here ?
As a Foreigner, I invest in Singapore, create jobs for Singaporeans
(even if only 2 jobs are created, while the rest are staffed by
expatriates), I work hard to put Singapore on the World Map of
frontier technology - and I must pay a hefty income tax and
you expect me to have a heart for Singapore ?
Under such circumstance, will the Foreigner be altruistic or will
he divert a major part of his pay package to be paid in his home
country, and only a minimum being declared to be paid in Singapore
?
Who will benefit from this large amount of money
collected by the Singapore Finance Ministry, when the Singapore
Government aka the Ruling Political Party do not believe in
Welfarism ?
Rep: I am looking at total employment
for local Singaporeans. (self sustain). Cannot answer for their
behalf, its outside my proposal
The only beneficiary to the vast amount of money accumulated in
annual surplus is the Government, and without doubt transferring
the same to the GIC and Temasek Holdings.
Rep:Cannot answer for their behalf, its
outside my proposal
Will Singaporeans benefit from the profit earnings of the various
investments of the Singapore Assets from Foreign Companies taken
over by the Singapore GIC and Temasek Holdings ?
Rep:Cannot answer for their behalf, its
outside my proposal
It is too easy to opt out by
simply declaring that the answer is outside of your proposal.
What good is a proposal if it is leaking in all directions
?
