Tuesday, September 11, 2007

Budget 2008: Hear Zewt

Hmm... there hasn't been much time for me to sit down and write down my thoughts on the disappointing budget in full (that means many many pages...). Sigh. I'll try to do this soon, before the entire interest in the Budget sort of fades away.

But in the mean time, have a look at 2 posts by Zewt:

(1) Clarifying the "tax free" dividend policy
...if you happen to be a shareholder of that company, and so happened your tax bracket is lower than 27%... too bad, you’re screwed. If you’re a pensioner and hold a lot of shares, you’re wonderfully screwed.
(2) and some of his general thoughts on the Budget 2008
The proposal which was supposed to make us all feel very good is that EPF contributors will be allowed to withdraw balances from Account 2 to pay monthly housing instalments. Sounds like a good idea. But if you were to think properly… the government is basically allowing us… to use our own money… to pay for our own house. And we are supposed to feel thankful about it? You tell me…
Enjoy. ;)
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