Tax Revenue Collections

Debated in Parliament on 9 Jan 2018.

Summary written by AI (learn more)

Personal income taxes from the top 20% of taxpayers more than doubled from $4.3 billion to $9.8 billion between YA 2007 and 2017.
The increase was driven by both a rise in the number of taxpayers and higher average tax amounts collected per taxpayer.
This upward trend in tax revenue was observed across all age groups within the top 20% of taxpayers.
The question sought data on tax revenue changes by age group over the past 10 years, but the answer focused on the overall trend for the top 20%.
The response highlighted growth in tax collections rather than a decline, addressing the query about revenue trends.

Questions identified by AI (learn more)

Full Transcript

Gan Thiam Poh

Mr Gan Thiam Poh asked the Minister for Finance (a) whether the tax revenues collected from the top 20% of income earners have been declining or increasing in the past 10 years; and (b) what are the changes in tax revenue in each age group for the past 10 years.

Heng Swee Keat

The personal income taxes collected from the top 20% of taxpayers have more than doubled between Years of Assessment (YA) 2007 and 2017, from $4.3 billion to $9.8 billion. This is due to both an increase in the number of taxpayers and higher amounts collected from each taxpayer on average. Generally, this trend is observed across all age groups within the top 20% of taxpayers.

Summary written by AI (learn more)

Personal income taxes from the top 20% of taxpayers more than doubled from $4.3 billion to $9.8 billion between YA 2007 and 2017.
The increase was driven by both a rise in the number of taxpayers and higher average tax amounts collected per taxpayer.
This upward trend in tax revenue was observed across all age groups within the top 20% of taxpayers.
The question sought data on tax revenue changes by age group over the past 10 years, but the answer focused on the overall trend for the top 20%.
The response highlighted growth in tax collections rather than a decline, addressing the query about revenue trends.

Questions identified by AI (learn more)

Tax Revenue Collections

Debated in Parliament on 9 Jan 2018.

Summary written by AI (learn more)

Personal income taxes from the top 20% of taxpayers more than doubled from $4.3 billion to $9.8 billion between YA 2007 and 2017.
The increase was driven by both a rise in the number of taxpayers and higher average tax amounts collected per taxpayer.
This upward trend in tax revenue was observed across all age groups within the top 20% of taxpayers.
The question sought data on tax revenue changes by age group over the past 10 years, but the answer focused on the overall trend for the top 20%.
The response highlighted growth in tax collections rather than a decline, addressing the query about revenue trends.

Questions identified by AI (learn more)

Full Transcript

Gan Thiam Poh

Heng Swee Keat

Summary written by AI (learn more)

Personal income taxes from the top 20% of taxpayers more than doubled from $4.3 billion to $9.8 billion between YA 2007 and 2017.
The increase was driven by both a rise in the number of taxpayers and higher average tax amounts collected per taxpayer.
This upward trend in tax revenue was observed across all age groups within the top 20% of taxpayers.
The question sought data on tax revenue changes by age group over the past 10 years, but the answer focused on the overall trend for the top 20%.
The response highlighted growth in tax collections rather than a decline, addressing the query about revenue trends.

Questions identified by AI (learn more)

Tax Revenue Collections | PAPERCUTS

Tax Revenue Collections

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Gan Thiam Poh

Heng Swee Keat

Summary

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Tax Revenue Collections

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Heng Swee Keat

Summary

Questions Identified