He favoured foreigners when he was boss, now he is retrenched, he wants PMET levy

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An honorable member of the Coffee Shop Has Just Posted the Following:

Out of job General Manager and Financial Controller who favoured hiring foreigners over locals demands PMET levy so that he can be hired back

http://www.todayonline.com/voices/si...y-foreign-pmes

Lim Kay Soon
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Published: June 4, 4:03 AM

The Government has said the economy would suffer if Singapore were to impose restrictions on employment of foreign professionals, managers and executives (PMEs), as companies would move to countries with lower PME costs.

Companies that are established here, though, would not move out over just one cost factor — a foreign PME levy.

Singapore offers them many benefits to operate here, compared with elsewhere. These include: Among the lowest corporate tax rates in the world, efficient infrastructure such as air and sea ports and robust public utilities, clear and effective business laws and a safe business environment — no burning of factories, et cetera.

A levy would level the playing field and rebalance living standards between local and foreign PMEs.

After all, Singaporeans have contributed to the said benefits for firms, by doing National Service to ensure a safe environment. We also pay civil servants and government officials well to ensure efficient business regulations and keep corporate tax low.

Should the companies that choose to move away due to a foreign PME levy do so, it is not worth holding them back.

Ultimately, if too many locals are allowed to be replaced by foreign PMEs, the latter would eventually return to their home countries with enhanced skill sets and experiences, further strengthening those economies, to the detriment of Singapore.


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