GERMAN EXPAT LAUGHS AT S'POREANS, SAYS WE PAY THE SAME TAX AS GERMANS BUT GET NOTHING IN RETURN
He says we Germans pay 35% tax but we get non employment benefits free education free health care and insurance and most of all retirement benefits.
He says you Singaporeans pay your CPF 20% + 15% on top of income tax, what do you get?
When you're jobless what do you get? When you're sick what do you get? When retire what do you get?
And he says this in addition to income tax and you also pay COE for cars. He says it just your govt doesn't call it tax
I say no... CPF can be used for HDB and property purchase! He armchio at me and shows me the apartment I could get in Germany for price of a HDB flat in Singapore. SGD350k can already own a landed property in Germany.
Then I say this house far from city and you need to drive, cars are expensive! He armchio again at me and shows me price of an Audi. Costs 25k Euro and can drive until it's broken.
He asks why are you so worse off in your so called "low tax" environment compare to our high tax environment? He says it's because a lot of taxes in Singapore are not called tax.
This post first appeared in a popular local forum.
He says we Germans pay 35% tax but we get non employment benefits free education free health care and insurance and most of all retirement benefits.
He says you Singaporeans pay your CPF 20% + 15% on top of income tax, what do you get?
When you're jobless what do you get? When you're sick what do you get? When retire what do you get?
And he says this in addition to income tax and you also pay COE for cars. He says it just your govt doesn't call it tax
I say no... CPF can be used for HDB and property purchase! He armchio at me and shows me the apartment I could get in Germany for price of a HDB flat in Singapore. SGD350k can already own a landed property in Germany.
Then I say this house far from city and you need to drive, cars are expensive! He armchio again at me and shows me price of an Audi. Costs 25k Euro and can drive until it's broken.
He asks why are you so worse off in your so called "low tax" environment compare to our high tax environment? He says it's because a lot of taxes in Singapore are not called tax.
This post first appeared in a popular local forum.