GST to increase soon?
-
Likely
But other taxes will be lower as to enable us to be competitive
Lesser taxes in other areas will mean a lot of profits to investors
GST are Peanuts to them
GST is actually draining a lot more from the rich because they spend even more
If you spend less the lesser GST you have to pay wouldn't it
[/b] -
Originally posted by maggot:
[/b] GST does not really affect the rich that much. It does affect the poor very much.
Higher personal (no corporate tax) income tax may contribute more and also will help to improve family bonding.
To a poor man that earned $1000, 5% to him is $50/- (assuming he spend every cents). Actually spending $950
To a rich man that earned $10,000, $50 is only 0.5% compared to his salary. Still can have balance of $9000 after spending $950.
Comparing using Income Tax (I am no that familar hence only using standard mathematics)
Poor man yearly income : $12000 @ 30% tax = $3,600 (no so much cause got deduction and may not need to pay at all)
Rich man yearly income :$120000 @ 30% tax = $36,000 compared to current 22% of $26400, nearly another $10K.
Hence generally if you earn more, pay more tax should be a better guage for all.
I studied no much.... -
OF COURSE, GST AND TRANSPORT AND OTHER COSTS SHOULD GO UP AFTER MAY !
I can see through this Progress Package deception,
- can you not ???
It must be nightmarish for Government to have to give away something for nothing.
Remember, "there is no such thing as a free lunch"
We become human only when our support is needed. -
Govt should not be dependent on GST incomes and even have the thought of making more from it.
Keep raising GST and I (and many smart shoppers) will just fly out on budget airlines and shop elsewhere that don't charge GST.
I'm sure smart businesses will avoid setting shop in Sg. -
not only GST wat...Originally posted by charlize:I thought standard practice?
Increase GST after elections are over.
anything can be increase will be increased. -
I wouldn't be surprised is this goes up after election.Originally posted by Dr Who:GST is due for upward revision after election
Just a gentle reminder...........do save up.......
Any idea how to stop this inevitable policy? Or just accept it as fate........?
In fact, I believe it will. -
Give u progress package then increase GST.
Wise. -
Sweden's VAT began with 5%. Now it's 25%.
Save the money from the progress package. The money is enough to last you a life time, unless you spend it. -
what can u do??
even if raised to 100% they'll just give u a whole lot of bullshit justification and implement it anyway...
is not as if singaporeans dare to riot...
all are already conditioned since day 1 to accept it as fate -
Originally posted by Atobe:
i do not agree with voting for Oppositions will solve the problem.
Are there any valid reasons to increase GST when there have been regular annual surplusses to cover the planned expenses in the Annual Budget ?
With the huge amount of reserves that has been accumulated and transferred to GIC and Temasek Holdings - surely the profits generated from the invested Surplus and Reserves by these two Premier Companies should have been returned to the Singapore " National Account " and make it unnecessary for any GST increases ?
[b]Can we stop GST from happening ?
SIMPLE - vote as many Opposition into Parliament to make any attempt to legislate any GST increases into an impasse.
The Opposition Members of Parliament could act as an alternative and parallel guardian to the incumbent Ruling Political Party.
It can truly be the SECOND KEY to protect our National Reserves, when the Office of the Elected President is made ineffective by the changes made to legislations affecting its position, and by the appointment of candidates closely associated with the Ruling Political Party.
[/b]
Have to understand also. If the Oppositions able to obtain than 50% of the seats, do you think they can rule as well as what the PAP did?
We have to stand at another angle to view this. If they are not capable, what will happened to Singapore in next 5 years? We are not only talking about Singapore but a political stability will show how well the country will be.