A Haven on Earth: Singapore Economy Without Duties and Taxes
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But governments struggle to determine how much money to collect, how to collect it, where to collect it, and who will collect it. Even worse, citizens who cannot pay for tax adviceincluding teachers, nurses, and other high-value citizensoften carry the largest tax burden.
Dr. Niaz Ahmad Khan FRCS, PhD, makes the case that while a world without taxes may seem like a pipe dream, its within our power to create. Focusing on Singapore, he explains how a mutual benefit bond system would allow nations to abolish taxes, fund initiatives, create incentives for rich and poor citizens, promote sensible public and private investments, and eliminate poverty.
While Singapore is used as an example, the principles the author outlines could be used to eliminate taxes, create wealth, and improve the quality of life throughout the globe.
People may laugh at the idea of a tax-free world, but they also laughed at the notion of sending astronauts to the moon, splitting the atom, and curing diseases. Open your mind to a world of possibilities with A Haven on Earth: Singapore Economy Without Duties and Taxes.
Dr. Niaz Ahmad Khan F.R.C.S. Ph.D.
Dr. Niaz Ahmad Khan F.R.C.S., Ph.D., lives in Sharjah, United Arab Emirates.
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A Haven on Earth - Dr. Niaz Ahmad Khan F.R.C.S. Ph.D.
Copyright © 2017 by Niaz Ahmad Khan.
ISBN: Hardcover 978-1-5437-4127-8
Softcover 978-1-5437-4126-1
eBook 978-1-5437-4128-5
All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the author except in the case of brief quotations embodied in critical articles and reviews.
Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.
www.partridgepublishing.com/singapore
CONTENTS
Summary
Chapter 1 Introduction
Chapter 2 MBBS (Mutual Benefit Bond System) How MBBS Works: A Case Study Of Singapore
MBBS In Singapore, A Case Study
Singapore Current Economic System
Singapore Economic System Under MBBS
Philosophy Of MBBS
Tax As A Burden
Why MBBS Can Work For Singapore
Changing The Singapore Mindset
MBBS Economic Appeal
A Microeconomic Case For MBBS
MBBS In Outline
Why Price Controls?
MBBS And Incentives
MBBS Prices
Calculating The Cost Of Bonds
The Rationale For A Sliding Scale For Bond Costs
Reasons For Purchasing MBBS Bonds
The Household Budget And MBBS
MBBS And The Concept Of Marginal Utility
Why MBBS Bonds Help Businesses
Category One Business
Category Two Business
Category Three Business
The Impact Of Participating In MBBS
Savings For Manufacturers In MBBS
Gold Mine
The Retailer And MBBS
Business Operations And MBBS
Imports And Foreign Exchange Transactions Imports
A Macroeconomic Case For MBBS
What Is Wrong With The Current Economic System In Singapore?
The Way Out Of The Crisis
How MBBS Produces A Properly Functioning Economic System
Sustaining The Value Of The MBBS Bond
The Government Of Singapore MBBS Balance Sheet And Cash Flow
Corporate Farming
The True Interest Free Banking System
The Start Of Interest-Free Banking In Singapore
Interest-Free Banking
Role Of The Central Bank
Impact Of MBBS On Singapore’s Banks
Implementing MBBS
The Government Of Singapore Role In MBBS
The Implementation Strategy
Incentive For Multiplication Effect To Investor, Govt. & Poor Population
Grassroots Organization
A Flood Of Money
Deflation And Not Inflation
Interest Free Instead Of All Other Interest Based Financial Instruments
Chapter 3 Conclusion
Chapter 4 Frequently Asked Questions
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