Q: Our tax rate is now very low compared to many other developed countries. Is there scope for moving it up? A: If you raise it too much, you find your best people leaving. Already, we are losing them. Many of our best students go to America, they are headhunted by the big companies and don’t come back. The people who are middle-aged and beyond will stay. They have no choice. Those who are still flexible, below middle-aged, will leave in larger numbers. And without top-quality Singaporeans, this place would not be the same. Without my generation, there would be no such present Singapore. It’s
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