As a country how does Singapore make money?
Just looking to know how exactly Singapore makes its money. I believe they have no crude oil, Natural gas, gold or diamonds.
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Well you will be surprised but Singapore has multiple sources of income, predominantly from Trade, Tourism, Businesses, Casinos, Logistics, Oil refinery, Manufacturing, Financial services, Healthcare and Education. The government equally generates tax revenues like the Income Tax, Corporate and Personal Income Tax, Statutory Board's Contribution, Asset Tax, Property Tax, Custom duties tax, vehicles tax etc. Let’s not forget the fees and charges made up of license and permits, sales of goods, rental and fines. Also the government also derives revenue from Investments, Interest and Capital Receipts.