Any Explanation for Missing Government Funds??? IRAS vs MOF
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Was looking at the actual 2005 revenue from taxes in the 2007 MOF's budget (Ministry of Finance), I cross referenced it to IRAS's (Inland Revenue Authority of Singapore) collection in 2005. Some of the figures from MOF when cross referenced to IRAS is accurate, while other figures did not tally.
There were no differences between the IRAS's and MOF's figure for Betting Taxes, Stamp Duty and Estate Duty.
The differences between the IRAS's and MOF's figure for Corporate & Personal Income Tax, Property Tax and GST adds up to $5,651,744.
How is it that when IRAS collects one amount for a particular tax category, but when it is received by MOF, there is a difference.
I wonder if anybody could provide any reasonable explanation for the discrepancies?
Source: Inland Revenue Authority of Singapore
Source: Ministry of Finance
Corporate and Personal Income Tax:
IRAS = $4,326,564,000 + $7,340,767,000 = $11,667,331,000
MOF = $11,663,203,937
IRAS - MOF = $11,667,331,000 - $11,663,203,937 = $4,127,063 (difference)
Property Tax:
IRAS - MOF = $1,829,177,000 - $1,828,934,461 = $242,539 (difference)
GST:
IRAS - MOF = $3,816,618,000 - $3,815,335,858 = $1,282,142 (difference)
Total Differences = $4,127,063 + $242,539 + $1,282,142 = $5,651,744
Betting Taxes:
IRAS = $1,222,246,000 + $278,340,000 = $1,500,586,000
MOF = $1,500,386,176
IRAS - MOF = $1,500,586,000 - $1,500,386,176 = $176 (difference due to accuracy adjustments)
Stamp Duty:
IRAS - MOF = $966,677,000 - $966,677,030 = $30 (difference due to accuracy adjustments)
Estate Duty:
IRAS - MOF = $80,687,000 - $80,687,333 = $333 (difference due to accuracy adjustments) -
Any answers or statement from the PAP supporters?
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I will not be surprise if there is a mumbo-jumbo formula out there somewhere.
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I can't understand how can the IRAS figures and Ministry of Finance figures can be off by so much. It's the annual report of IRAS and the 2007 budget figures (actual 2005 results). Maybe in the process of transferring the money from the right hand to the left hand, some of the lose change fell to the floor.Originally posted by carrotsoup:I will not be surprise if there is a mumbo-jumbo formula out there somewhere. -
Good thread but I'll bet my whole life savings that you'll never get an answer. The press will never pick up this news and the government will not be bother to explain this.
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Nevetheless, things like this should be made known to the public, at least to participants of this forum.Originally posted by anonymouscoward:Good thread but I'll bet my whole life savings that you'll never get an answer. The press will never pick up this news and the government will not be bother to explain this. -
Maybe they have a secret slush fund where they take small percentage of everything and store it somewhere else!
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Answer so simple. MOF also must pay tax one what
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Whom does MOF pay tax to?Originally posted by Panache1976:Answer so simple. MOF also must pay tax one what -
You ask an accountant and she will balance it for you.
Really. -
Hell!Originally posted by charlize:You ask an accountant and she will balance it for you.
Really.
I am an accountant, I still can't balance it out.
Hahaha....... -
u need to be more 'imaginative' and 'colorful'..Originally posted by maurizio13:Hell!
I am an accountant, I still can't balance it out.
Hahaha....... -
accountants are known to be boring people, especially in bed. I guess that is why you find panty sniffing so funny huh?Originally posted by maurizio13:Hell!
I am an accountant, I still can't balance it out.
Hahaha....... -
Ermmm...Originally posted by Gazelle:accountants are known to be boring people, especially in bed. I guess that is why you find panty sniffing so funny huh?
I don't find panty sniffing funny. (you have to be politically correct, else others will misunderstand)
I find you (Gazelle), going around a good friend's house scavenging for soiled panties of his family members to sniff amusing and funny.
I mean, you do understand that your panties sniffing habits is not actually normal sexual behaviour.
Thanks for bringing up my thread for more exposure. -
Ah getting personal again. Why can't we just stick to the topic on hand? I don't understand accounting or creative accounting, but hopefully someone will attempt to explain the discrepancies if there are any.Originally posted by Gazelle:accountants are known to be boring people, especially in bed. I guess that is why you find panty sniffing so funny huh? -
Beside that, why didnt you talk about the oral sex and come in the mouth I had with my ex-colleagues?Originally posted by maurizio13:Ermmm...
I don't find panty sniffing funny. (you have to be politically correct, else others will misunderstand)
I find you (Gazelle), going around a good friend's house scavenging for soiled panties of his family members to sniff amusing and funny.
Thanks for bringing up my thread for more exposure. -
IRAS claims to have collected one amount in their annual report, while MOF claims to have collected a totally different amount in the 2005 actual figures in the 2007 budget.Originally posted by bigmouthjoe:Ah getting personal again. Why can't we just stick to the topic on hand? I don't understand accounting or creative accounting, but hopefully someone will attempt to explain the discrepancies if there are any.
The annual report is normally finalised after the year end, taking into account all the various adjustments. If the figures are for FY 05/06, which is at least more than 9 months after the year end (assuming that their financial year is also April 1st) and the presentation of budget 2007. -
It wasn't as bizarre as a sexually deprived dog going around scavenging for panties in a friend's house.Originally posted by Gazelle:Beside that, why didnt you talk about the oral sex and come in the mouth I had with my ex-colleagues?
Moreover, like you said in another thread you started, "if it sounds too good to be true, then most probably it isn't true". Therefore, I think when used in your context, it sounds too good to be true. That's why I discount your other 2 sexual claims to be delusional dreams, just like all your political discussions. -
ignore Gazalle personal flame on u, hes trying to get you into a personal flame war on every topic that shades something bout the gahmen so that the threads will eventually get locked away and hidden forever from the public's eyes as fast as possible..so he can continue preaching his pap gospel here..Originally posted by maurizio13:IRAS claims to have collected one amount in their annual report, while MOF claims to have collected a totally different amount in the 2005 actual figures in the 2007 budget.
The annual report is normally finalised after the year end, taking into account all the various adjustments. If the figures are for FY 05/06, which is at least more than 9 months after the year end (assuming that their financial year is also April 1st) and the presentation of budget 2007.
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I am cool.Originally posted by 4getmenot:ignore Gazalle personal flame on u, hes trying to get you into a personal flame war on every topic that shades something bout the gahmen so that the threads will eventually get locked away and hidden forever from the public's eyes as fast as possible..so he can continue preaching his pap gospel here.. 
Thanks for the advice. -
it is funny that when M13 provide this article in another thread in Speakercorner and calling people as DOG, it is not considered as personal flame war. Why is there such double standard? It is because you guys are some cyber sex partner or what? and you need to suck each other and come together?Originally posted by 4getmenot:ignore Gazalle personal flame on u, hes trying to get you into a personal flame war on every topic that shades something bout the gahmen so that the threads will eventually get locked away and hidden forever from the public's eyes as fast as possible..so he can continue preaching his pap gospel here..
and btw, M13 like to come in the mouth. He like fetish sex.
There was once I went to a friend's place to check out his new audio system..Â…..my friend was staying in the nice apartment together with his sister (who is Singapore supermodel ) and parents, who were away on that dayÂ…Â….....when I first arrive, nobody was there accept for my friendÂ….....then at about 10.30 in the eveningÂ…......this tall, gorgeous looking girl walks inÂ…that was the first time that I see his sister in person...Â….she was stunning, wearing this worn out jeans and white T-shirt....Â…..she was very friendly and sat down with us for about 15 mins before going to her room to take her showerÂ…Â…Â….(her sister room is actually linked to the common toilet that I have been using before she came back)Â…Â…..and after about 20minsÂ…..Â….her sister open the toilet doorÂ…..and I quickly make my way to the toilet cause I need to pee badlyÂ….
When I was enjoying my peeÂ…Â…Â….I was shock to see sometime lying on the laundry basket cover Â…..it was my friend sister's used panties and bra...she just remove a few minutes agoÂ…and you can see that the stain on it is still wet....(must have forgotten that I am in the house)Â…..when I see thatÂ…....my heart start to pump in double quick timeÂ…and without much thinking........my hands went straight down to reach for itÂ…Â…..the panties that I was holding is white in color......and it comes with some yellowish stain Â…...Â…while I am holding itÂ….....my mind was trying to picture her supermodel face together with the pantiesÂ…Â….man it was really mind blowÂ…...then I start to smell itÂ…Â…..
I know it might sound sick and crazyÂ…Â…Â…but the curiosity of knowing how a supermodel pu$$y smells like is just irresistible. -
eh. remove it leh.
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Gazelle, kindly stop all your havoc in here...
you are becoming very vulgar.
Discuss and debate with opnions and facts, if there are differences, each of us are entitled our grounds to stand firm on.
Why the need to go into provoking profanities and vulgarities???
I know PAP has done much good for Singapore and Singaporeans, BUT, the negative effects of their "good policies" outweighs any good they have done. -
ShutterBug, I think it is about time that you open up your little bug eyes and see who is the one that brought all that SEX discussion into Speakerscorner first before pointing your stupid finger at me.Originally posted by ShutterBug:Gazelle, kindly stop all your havoc in here...
you are becoming very vulgar.
Discuss and debate with opnions and facts, if there are differences, each of us are entitled our grounds to stand firm on.
Why the need to go into provoking profanities and vulgarities???
I know PAP has done much good for Singapore and Singaporeans, BUT, the negative effects of their "good policies" outweighs any good they have done.
Please dont patronize one another, because it make you look like a gay!! -
The TS like it, how can you ask to remove it?Originally posted by Darkness_hacker99:eh. remove it leh.