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Vivian Balakrishnan remarks that Malaysia-, -Singapore water deal is "morally wrong"
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SUSAllnGap
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Mar 3 2019, 07:18 AM
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QUOTE(agent sawyer @ Mar 3 2019, 03:05 AM) I would not be surprised if SG is the first ASEAN state to become nuclear capable. It's the inevitable future. That's suicide. Just take down nuclear station and their land will be contaminated for thousands of years
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SUSAllnGap
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Mar 3 2019, 07:26 AM
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QUOTE(agent sawyer @ Mar 3 2019, 03:23 AM) The means is simply the means, but we are talking about the end result MAS's objective has always been to push the rate down If they let it run free, it'll probably be higher than it is today - what does that say about the attractiveness of their economy vs ours? On a smaller scale perhaps, pushed out to one of the islands around Jurong. An accident isn't strictly de rigeur when it comes to nuclear power you know. It'll come sooner or later. Possibly in our lifetime, perhaps not. They are not so stupid. Rather bribe Indonesia to have it on Batam island or further and drag power lines to supply Singapore. Nobody so stupid to place a ticking time bomb in a such small land mass country
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SUSAllnGap
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Mar 3 2019, 07:29 AM
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QUOTE(Artus @ Mar 3 2019, 03:48 AM) Haha. You are indeed quite ignorant about them. On the surface it looks like their corporate tax rates are not much lower than us. But multinational companies get special deals with them if offshore profits are transferred to Singapore instead. How low? Less than 1% also possible. Where u get this info from ?? 1% that's super low
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SUSAllnGap
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Mar 3 2019, 04:52 PM
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QUOTE(Artus @ Mar 3 2019, 03:28 PM) I hope our government takes action just like what the Australian tax authorities are doing to their tax-avoiding large companies: https://www.abc.net.au/news/2018-11-20/tax-...-fight/10512732Imagine we have a factory here that produced something at RM100 and intending to sell to China at RM150. The factory can avoid paying tax on the RM50 profit by "selling" to their Singapore "marketing arm" for RM100.01 and then its "marketing arm" "sells" to China for RM150, with Singapore only levying perhaps a tiny 0.25% tax on the RM49.99 profit. This, to me, is morally wrong. I knew it was low, but not so low. No wonder there got so much of cash stashed in their banks
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