2022-01-24 06:16:31
Would it have been fair to tax him two per cent, as some in Singapore propose, for the fact of owning a briefly inflated stock of his very own company?
And how would the wealth liable for taxation be estimated anyway? The peak value for the year? The bottom value? The average? Or maybe just the amount that it happened to have been on a particular day?
Why should anybody be forced to pay for little else than the ownership of something based on what someone else (i.e. the market) thinks it’s worth at a particular time?
Condition of Sea Ltd. hasn’t materially changed over these three to four months. The company is on track to achieving the results it projected in earlier quarters and the decline in stock valuation is not impacted by its performance (or lack thereof), but global market situation which saw about half of NASDAQ stocks plummet by 50 per cent or more from their last year’s highs.
Suggesting that anybody should pay any amount of money that is determined by the fluctuating market situation is absurd.
https://vulcanpost.com/774743/should-singapore-tax-wealth-of-the-richest/
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