Singapore gains altitude by gaining taxes.....
Singapore is different than us. Their politicians in office excelled at academics and also understand life’s realities and the need for income amongst their aging population as well as the need to attract investment capital in a competitive global economy.
Our politicians in office, neither excel, nor understand. They issue daily ultimatums and respond by panicked policies induced by false fear. Such as the taxes that would presumably have been lost by the twin conversions of BCE and Telus. One troubling question among thousands of unanswered questions still remains. How can the government lose taxes that were never being paid in the first place?
Neither BCE nor Telus were paying taxes at the time of Harper’s policy borne out of panic and neither were expected to pay taxes for at least another 6 years (combined). As income trusts they would have paid combined taxes of $1.2 billion MORE PER YEAR starting immediately. Go to Myth #3: The sky is falling... the tax threat of BCE and Telus converting
Stephen Harper Houdini. Our fear mongering misleader in office.
Brent Fullard, October 23 2007
GE Aviation-backed trust to have 14 planes on IPO
SINGAPORE, October 12 (Reuters) - The world's first listed trust with aircraft as assets, backed by General Electric (GE.N: Quote, Profile, Research) unit GE Commercial Aviation Services (GECAS), will have an initial portfolio of 14 leased planes.
Reuters had reported in August that the trust planned to raise $400 million from the initial public offering in late 2007.
Singapore, which is one of Asia's top centres for Real Estate Investment Trusts, is also home to several specialised investment trusts, including shipping trusts.
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Singapore Altitude Trust Sees 2008 Distribution Yield At 8%
SINGAPORE October 23 (Dow Jones)- Altitude Aircraft Leasing Trust, which is planning an initial public offering in Singapore to fund a fleet of 14 jets valued at about US$650 million, said its distribution yield could grow to 8% next year from an estimated 7.39% this year.
The IPO will create the first aircraft-leasing trust to list in Asia, and follows a recent string of Singapore IPOs by vehicles invested in ships and infrastructure assets.
Business trusts have gained in popularity in the city-state, where they can pay distributions directly from operating cashflows rather than from accounting profit.
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