Jeffrey Chew: Implementing this tax will be challenging as wealthy people have ways to manage their money and ensure that it does not impact them as much.
THE inheritance tax is not such a bad idea if it is administered and implemented well, but the government should consider other avenues to broaden or widen the tax base.
This is since a tax on the wealthy, while good for political optics and shoring up the populist credentials of the unity government, may not be easy to collect as the rich, being better informed and having at least above-average knowledge on how to manage finances, will have many avenues to limit what can be taxed.
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