We got our answer last Friday.
Finance Minister Lawrence Wong delivered his first budget statement, with the theme of “charting our new way forward together”. At the same time, the government also recognised the need for a “fairer and more inclusive society” where no one is left behind. The tax will increase to S$45 per tonne in 2026 and 2027, before reaching S$50 to S$80 per tonne by 2030.
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