GST in 2010 rise to 10%..
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GST have greatly increased from 5% to 7% = 40% increase.WHY?
2/5X100%=40%
I heard that that GST will rise to 10% in year 2010 correct me if i am wrong.Calculate from now 7% GST it will be a increase of 3/7X100%=42.857142857142857142857142857143% round off to 3sig fig =42.9% rise
So once again from 1/7/06 to 2010 year there will be 42.9% if you use the old amount from last time before 1/7/06 rise of GST 5/5X100%=100% rises of GST so you see..Though they say only 2% from 5% to 7% its darn alot ...
So what are your view?Agree or Disagree with me that the GST is alot...Though the government emphasis that our GST is one of the lowest but still Hong Kong is still overall the lowest.! -
Wait and see ...
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expected and expecting it.
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u can't stop the government from raising the GST..
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hmm...petitions and writing up to government like useless..tsk tsk tsk...sigh..Living cost in Sg is indeed high...
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What are you talking about? Hong Kong does not have the lowest GST/VAT - it has none to begin with!Originally posted by jlzk:Though the government emphasis that our GST is one of the lowest but still Hong Kong is still overall the lowest.!
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Likewise, the government cannot stop local talents and non-talents from leaving...Originally posted by bananaking:u can't stop the government from raising the GST..
local business such as provision store owners are beginning to save up and then continue their businesses elsewhere.
And this is a growing trend!
ANd they say that they are keeping INFLATION in check???
That's a real Hit Song.... -
I suggest they come out with a Day like GST free day on a saturday or sunday for all shopping malls. This can not only benefit those low income class and also encourage touristism.
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Are you sure they do not have GST?Cause from what i know from my teachers they do have and its quite unlikely to have a country without tax.Originally posted by walesa:What are you talking about? Hong Kong does not have the lowest GST/VAT - it has none to begin with! -
stop moaning. if the people wants it. they get it.
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From what I know, the HK government thought of imposing a tax similar to GST. However it was faced with perpetual and violent objection from the HK citizens. That's y they din have GST.Originally posted by jlzk:Are you sure they do not have GST?Cause from what i know from my teachers they do have and its quite unlikely to have a country without tax.
The power of People. This is what I call Democracy. -
Originally posted by jlzk:GST have greatly increased from 5% to 7% = 40% increase.WHY?
2/5X100%=40%
I heard that that GST will rise to 10% in year 2010 correct me if i am wrong.Calculate from now 7% GST it will be a increase of 3/7X100%=42.857142857142857142857142857143% round off to 3sig fig =42.9% rise
So once again from 1/7/06 to 2010 year there will be 42.9% if you use the old amount from last time before 1/7/06 rise of GST 5/5X100%=100% rises of GST so you see..Though they say only 2% from 5% to 7% its darn alot ...
So what are your view?Agree or Disagree with me that the GST is alot...Though the government emphasis that our GST is one of the lowest but still Hong Kong is still overall the lowest.!
Won't raise in 2010 la. Confirm.
Not when election is so near. Wanna raise also after 2011.
Cheers -
next raise will be to 9%, I got this from a reliable source.Originally posted by jlzk:GST have greatly increased from 5% to 7% = 40% increase.WHY?
2/5X100%=40%
I heard that that GST will rise to 10% in year 2010 correct me if i am wrong.Calculate from now 7% GST it will be a increase of 3/7X100%=42.857142857142857142857142857143% round off to 3sig fig =42.9% rise
So once again from 1/7/06 to 2010 year there will be 42.9% if you use the old amount from last time before 1/7/06 rise of GST 5/5X100%=100% rises of GST so you see..Though they say only 2% from 5% to 7% its darn alot ...
So what are your view?Agree or Disagree with me that the GST is alot...Though the government emphasis that our GST is one of the lowest but still Hong Kong is still overall the lowest.! -
1 year before election? I doubt so.
1 year after election, highly possible.
Didn't that happen this year?
Edit: typo error. -
They do not have anything along the lines of GST/VAT at all. As a matter of fact, they did deliberate over this issue because they were having problems funding a generous social welfare program with the present tax revenues (although their corporate and personal income taxes are higher than Singapore's as far as I can recall) collected.Originally posted by jlzk:Are you sure they do not have GST?Cause from what i know from my teachers they do have and its quite unlikely to have a country without tax.
I don't know what your teacher or those fascists in power have been teaching you if you're convinced HK actually levies GST/VAT on its goods and services. If you need any convincing, pay attention to those labels found on the doors of retailers the next time you go to HK - you don't see "tax free shopping" signs for foreigners. Most of these countries which levy GST/VAT would usually offer "tax refunds" at airports where there's a counter processing such claims for foreigners. A good way to know whether a country levies GST/VAT would simply be to check for the existence of such counters at the airports of the countries on arrival.
For the record, countries levying GST/VAT and adopting the "tax free shopping" policies can be found here. -
dun you know that singapore is aiming to have the highest GST in the world?
dun complain if that happen. 66.6% of the singaporean dun mind that. -
Why not lets hope every 3 year got once election so that GST want rise also hard..but then to be honest with you guys govenment if really want rise they also dont care election or no election what they want is $$ also marhs.But then i am think of the term democracy some how doubt it in our system...More ever strikes,protest,confrontation is not allow or you kena caught and KAboom you die..not worth it actaully...Well Singapore have to admit everything want to be the first and best it maybe that highest in GST in the world next time...Just worry for my next next generation hope they become PM or something so can examined TAX.!