S1E115: Taxes are set to go up, what can high-income earners do about it? BT Money Hacks Ep 115

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. What can high-income earners do in coming tax seasons and can we expect further tax hikes in the near future? In this episode of Money Hacks, correspondent Howie Lim speaks to Tan Ching Ne, partner specialising in tax, PWC Singapore to find out. Highlights of the conversation:  01:10 Taxes and spending are two sides of the same coin 03:00 Higher property taxes as principle means of taxing wealth 04:00 What high income earners can do 07:30 Singapore tax regime still competitive 11:25 Taxes WILL rise more in the near future Produced by: Howie Lim ([email protected]) and Christopher Lim Edited by: Howie Lim Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on: Channel: https://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN  SPH Awedio app: https://www.awedio.sg/ Google podcasts: http://bt.sg/oeGP  Website: https://bt.sg/moneyhacks Feedback to: [email protected] Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.  --- Discover more BT podcast series: BT Mark To Market Podcast at: http://bt.sg/btmark2mkt  WealthBT at: http://bt.sg/btwealthbt PropertyBT at: https://bt.sg/btpropertybt BT Podcasts at: https://bt.sg/pcOM   --- For more on personal finance, go to: bt.sg/moneyplaybookSee omnystudio.com/listener for privacy information.