A Haven on Earth: Singapore Economy Without Duties and Taxes

By Dr. Niaz Ahmad Khan

Most people think theres no getting around it: We have to pay taxes.

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 F.R.C.S., Ph.D., 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.

• Language: English
• Publisher: Partridge Publishing Singapore
• Release date: Jul 5, 2017
• ISBN: 9781543741292

Dr. Niaz Ahmad Khan

Dr. Niaz Ahmad Khan F.R.C.S., Ph.D., lives in Sharjah, United Arab Emirates.

Book preview

Copyright © 2017 Singapore Economy Without Duties and Taxes. All rights reserved.

ISBN

978-1-5437-4130-8 (sc)

978-1-5437-4129-2 (e)

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 publisher 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

07/05/2017

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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 MBBSThe 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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Summary

How to uplift The Singapore Economy

A Method to Address Economic Recession, Remove Poverty, Terrorism, Improve Law and Order, Reduce Drug Abuse, Inflation And Taxes in an Interest Free Economy.

By: Dr. Niaz Ahmed Khan, FRCS, PhD

ABSTRACT:

I have developed a new financial instrument which will be much more valuable than the bonds or the treasury bills government sells on the open market to raise much needed funds to run the country. These are all interest based instruments and can only be used by institutions. The instrument I am proposing is without interest and will be used by everyone to purchase goods and services