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The party won one seat in the 1950 elections. The party contested the 1951 general elections, receiving 30% of the vote and winning two of the nine elected seats. [3] In the local elections later in the year, the party won three seats. However, the party saw several splits in the early 1950s, leading to the formation of the Labour Front.
The Progressive Party and Labour Party, both established in the late 1940s, were some of the pioneering local establishments, with the PP the only party to contest in the first elections in 1948, and the LP coming on board in 1951. By 1955, the fledgling British colony had seven parties contesting, and reached a pinnacle of 13 parties in 1959.
Foreign-sourced dividends, foreign branch profits and foreign-sourced service income remitted into Singapore on or after 1 June 2003 by a Singapore resident company will be tax exempt if: [5] the headline tax rate of the foreign country from which income is received is at least 15 percent in the year the income is received, and
For these estates, inheritance tax will be at half the rate paid by others, with 10 years to pay the liability back interest-free. This is a fair and balanced approach which fixes the public ...
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The Labour Front was founded to contest the 1955 legislative elections by David Saul Marshall, Singapore's first chief minister and Lim Yew Hock, Singapore's second chief minister. A centre-left grouping, the Labour Front won 10 out of 25 elected seats in the legislative council and formed the first elected government of Singapore, which at ...
Singapore’s local labour force growth could stagnate in the next decade because of an ageing population, lower birth rates, relatively high labour force participation rate and low employment ...