4 ms·
I would live in Singapore full time if it wasn't so fucking hot. How can they have such prosperity with such a low tax rate and no natural resources?
by abigail95 4y ago
I would live in Singapore full time if it wasn't so fucking hot.
How can they have such prosperity with such a low tax rate and no natural resources?
- randallsquared 4y agoLow tax rate seems like a contributing factor to prosperity, though?
- Tossrock 4y agoTheir natural resource is their strategic location on the Straits of Malacca. Massive trade volumes pass through the area, which brings wealth.
- vkou 4y ago> How can they have such prosperity with such a low tax rate and no natural resources? Cheap foreign labour, long work hours, and a strategically important location.