Tuesday, December 30, 2014

Tuesday, December 23, 2014

Tax rates in Singapore...

Tax rates for resident individuals


From YA 2012 onwards

Chargeable Income Rate (%)Gross Tax Payable ($)
First $20,000
Next $10,000
0
2
0
200
First $30,000
Next $10,000
-
3.50
200
350
First $40,000
Next $40,000
-
7
550
2 800
First $80,000
Next $40,000
-
11.5
3 350
4 600
First $120,000
Next $  40,000
-
15
7 950
6 000
First $160,000
Next $  40,000
-
17
13 950
  6 800
First $200,000
Next $120,000
-
18
20 750
21 600
First $320,000
Above $320,000
-
20
Read more here
42 350

Sunday, December 14, 2014

The global debt clock...

The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock (updated September 2012) shows the global figure for almost all government debts in dollar terms.
Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as various euro-zone governments have done, and the country (and its neighbours) can be plunged into crisis.
Clock here

Saturday, December 6, 2014

I founded my own country...

My father wasn’t a king, he was a taxi driver, but I am a prince – Prince Renato II, of the country Pontinha, an island fort on Funchal harbour. It’s in Madeira, Portugal, where I grew up. It was discovered in 1419; Captain James Cook has been here, and there are paintings of his visit.
Read more here