Originally Posted by
Pickuptruck
$169 billion deficit this year, economy contracting by 3%, Stamp duty income down by 83%. Building a bunch of islands in the harbour for close to a trillion dollars for govt housing. Socialist economies don't exist on planet earth on 17% income tax.
Yep, all made up.
So if not made up, why don’t we hear any talk about this anywhere else? If a media outlet or the actual enlightened business & finance people on GeoExpat started mentioning this then I might have started to worry, but not on a pilot’s rumour forum.
Are you aware that the government is actually considering LOWERING stamp duty TAX for foreigners? They aren’t gonna raise income taxes either if they are so desperate to stop the brain drain. They still have a crap load of money in the war chest and it looks like things will FINALLY recover in 2023.
Also, please provide sources for your $169 billion and 83% figure. The only number I could find was “over $100 billion”, which ≠ $169 billion.