When the Manpower Minister is hell bent on hiring foreign manpower........
That she resorts to absurd excuses: "Implementing levy charges for EP holders is not useful as companies can employ overseas knowledge workers remotely." Josephine Teo, 3rd March 2021.
Hi Mrs Teo, I would like to suggest that if that were the case, then we could very well either charge those who hire EP holders $1200/ month in levy to work here (just as PSP NCMP Leong Mun Wai suggests (yields $2.7B and will be able to postpone GST increase of 2% indefinitely) and if their salary was accrued towards work done for Singapore companies, then the company would still have to pay tax on their salaries, even if they were domiciled abroad. (And if their service constituted an online service from abroad, the GST would apply soon to such services from abroad like Netflix, Google play store, no?)
Probably the best long run method of regulating the foreigner employment pass workforce is to allow all companies to bid for restricted supply permits as car driver bid for COE. Just like COE, only with genuine demands (or deep pockets) would bid highest and every company intending to save on the foreigner levy would ensure that either the EP holder earn himself Singaporean citizenship, or else they have proper succession planning so that a Singaporean takes over the plum role in the company.
Only when PAP has sufficiently earned the trust of the Singaporean workforce will Singaporeans dare upskill and invest more in themselves (rather than doing just profitable property, insurance and car sales jobs), will foreign companies actually invest here because of the good, committed Singaporean labor force, rather than because of PAP super laxed employment pass requirements and always prefer to use foreign manpower, so it is much easier to relocate abroad, anytime the opportunity comes (e.g. invitational tax waivers to relocate from competing jurisdictions abroad).
PAP cannot sideline the Singaporean PMET permanently and treat Singapore like a cash cow/ colony and grow the economy at the expense of the citizenry indefinitely.
https://www.straitstimes.com/singapore/dependants-pass-holders-will-need-work-pass-to-work
That she resorts to absurd excuses: "Implementing levy charges for EP holders is not useful as companies can employ overseas knowledge workers remotely." Josephine Teo, 3rd March 2021.
Hi Mrs Teo, I would like to suggest that if that were the case, then we could very well either charge those who hire EP holders $1200/ month in levy to work here (just as PSP NCMP Leong Mun Wai suggests (yields $2.7B and will be able to postpone GST increase of 2% indefinitely) and if their salary was accrued towards work done for Singapore companies, then the company would still have to pay tax on their salaries, even if they were domiciled abroad. (And if their service constituted an online service from abroad, the GST would apply soon to such services from abroad like Netflix, Google play store, no?)
Probably the best long run method of regulating the foreigner employment pass workforce is to allow all companies to bid for restricted supply permits as car driver bid for COE. Just like COE, only with genuine demands (or deep pockets) would bid highest and every company intending to save on the foreigner levy would ensure that either the EP holder earn himself Singaporean citizenship, or else they have proper succession planning so that a Singaporean takes over the plum role in the company.
Only when PAP has sufficiently earned the trust of the Singaporean workforce will Singaporeans dare upskill and invest more in themselves (rather than doing just profitable property, insurance and car sales jobs), will foreign companies actually invest here because of the good, committed Singaporean labor force, rather than because of PAP super laxed employment pass requirements and always prefer to use foreign manpower, so it is much easier to relocate abroad, anytime the opportunity comes (e.g. invitational tax waivers to relocate from competing jurisdictions abroad).
PAP cannot sideline the Singaporean PMET permanently and treat Singapore like a cash cow/ colony and grow the economy at the expense of the citizenry indefinitely.
