I received a note from the Singapore government feedback unit for inputs into the next budget. I think I will post it here rather than there for atleast I have control on what I want to say and how I say it.
I’d like to have the following addressed:
a) An honest acknowledgement of the contribution of reservists. The current scheme is cleverly masked in payouts that spread over a few years. Also the income tax deductible should be done on the net payable tax.
b) Transparency on all of Temasek Holdings and GIC investments.
My sense is that these will be ignored and deemed to be of no value by the Minister.