Fair sharing of national infrastructural maintenance bill?

FH: How about fair sharing of national infrastructural maintenance bill?

Fact:
Development charge (DC) applies to BOTH lease extensions and 'increase in plot ratios'.
Calc example: http://www.sla.gov.sg/faq/differential_premium.pdf
Brochure: http://www.ura.gov.sg/dc/brochure-devtcharge.pdf

SLA's benchmarking states that the land value of a new 99year leasehold (LH) property is equal to 96% of its land value should it be a free hold (FH) property.

(below report) MBT : "The development charge is to take some of that increase in value to go and improve the infrastructure... when you increase the plot ratio - build more flats, to a higher level - you need to provide the infrastructure. So that's what the DC is. You could say it's a tax on the increase in the value as a result of government action."

- SG govt has correctly adjusted DC rates to reflect costs of gov intervention in providing for increased infrastructural needs coinciding with increased land development intensity.

- However, a $2.03B p.a. glaring tax concession exists (that only the rich enjoy). The $2.03B pa is an estimate value of the exemption from LH lease extensions that FH properties enjoy annually (2007 provisional figure). In and age of high living costs, high maintenance, defence costs; can Singapore afford to frivolously maintain this inappropriate yet perpetual tax concession?

$2.03B: the calculation and links
http://moral-property.blogspot.com/2007/09/s203b-pa-naughty-business.html

SG govt expenditure2006 for perspective:
http://pixel-2.blogspot.com/2007/09/sg-govt-expenditure2006.html
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(MBT): Rise in land development charge will allow fair sharing of property gains
22 July 2007 2106 hrs ; full report:
http://pixel-2.blogspot.com/2007/09/rise-in-land-development-charge-will.html