Members of parliament have called for taxes on people who own multiple properties, amid concerns about wealth inequality. Elysa Chen and Shawn Loh are among those who have suggested such taxes. They also brought up the topic of inheritance tax during discussions on proposed amendments to the Finance bill.

Their comments were made ahead of the reading of the bill. Chen noted that owning multiple properties can worsen inequality, affecting other individuals, particularly young couples.

Further details on the discussion are available from the source, including comments from Transport Minister Jeffrey Siow, who suggested that the topics raised go beyond the scope of the current bill.